Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A good for which people's preference for buying them increases as a direct function of their price, as greater price confers greater status.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.

Examples

    Sorry, no example sentences found.

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.