Veblen Good

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#11 week ago
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+A **Veblen Good** is a type of [Luxury Good](/wiki/luxury_good) where demand increases as its price rises, defying conventional economic principles. This phenomenon is driven by its desirability as a [Status Symbol](/wiki/status_symbol), serving to signal wealth through [Conspicuous Consumption](/wiki/conspicuous_consumption).
+## See also
+- [Giffen Good](/wiki/giffen_good)
+- [Snob Effect](/wiki/snob_effect)
+- [Demand](/wiki/demand)
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