Veblen-good Definition
noun
A good for which people's preference for buying them increases as a direct function of their price, as greater price confers greater status.
Wiktionary
Other Word Forms of Veblen-good
Noun
Singular:
veblen-goodPlural:
Veblen goodsOrigin of Veblen-good
Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.
From Wiktionary
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