Veblen Good
Veblen goods are goods for which demand increases as the price increases. This is due to the good's exclusive nature and appeal as a status symbol, where price functions as positioning tool.
Veblen Good
by Mark Gallagher | 2015/08/26
Veblen goods are goods for which demand increases as the price increases. This is due to the good's exclusive nature and appeal as a status symbol, where price functions as positioning tool.
