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          • Term
            • Veblen good
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          • Definition(s)
            • A product for which a higher price stimulates increased customer demand. Such items are used to advance the status of the purchaser and provide value other than direct functionality. Common examples include art, wine and jewelry. TapRun.com
          • Example sentence(s)
            • Additionally, whether or not foreign workers view Saudi Arabia’s labor market as a Veblen good has different repercussions for the policy’s future effectiveness. For instance, if we assume that the policy’s primary objective has been to curb foreign worker flows into the country, then the policy did not accomplish its goals (yet). - Georgetown Public Policy Review by
            • A Veblen good does not adhere to the traditional laws of price and demand. Below a certain price, the price/demand dynamics are consistent with conventional products – higher prices result in a lower demand. However, above a certain price, this relationship reverses, and demand rises along with price increases. - Forbes by
            • UK housebuilders are marching upwards after Berkeley hiked its shareholder bung. The builder of Veblen-good towerblocks in subprime neighbourhoods will return an extra £455m over the next two years, on top of a £280m per annum already announced. It’ll be in a tax-streamlined B and C share structure that supersedes the current £140m dividend cost, with £500m going back to investors in March 2020 at 400p per share and in March 2021 at 440p. - Financial Times Alphaville by
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    • Arabic
      • Economics
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          • Term
            • سلع فيبلين
          • Additional fields of expertise
          • Definition(s)
            • سلعة فيبلين هي تلك السلعة التي يزداد الطلب عليها كلما زاد سعرها لأن المستهلكين يرون فيها رمزاً حصرياً للمكانة التي يحتلونها في الهرم الاجتماعي. ارتبطت باسم الاقتصادي الأمريكي ثورستين فيبلين Thorstein Veblen الذي ابتكر مصطلح الاستهلاك المظهري أو الاستهلاك التفاخري “conspicuous consumption”. Iraqi Economists Network - by Karina Zidan (X)
          • Example sentence(s)
            • هناك أنواع مختلفة من الآثار الخارجية ليس فقط في الإنتاج ولكن في الاستهلاك كذلك. يكفي هنا مجرد التفكير بسلع فيبلين Veblen. - Iraqi Economists Network by Karina Zidan (X)
            • ولكن في الواقع هنالك شيء .. كما يوجد سلع تدعى سلع فيلبين وهي السلع التي تعتمد قيمتها على سعرها المرتفع وندرتها فهنالك نوع آخر من تلك السلع حيث تعتمد قيمتها على توفرها بصورة شائعة و كونها لا طبقية و في كل مكان - المعاني by Karina Zidan (X)
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