Speakur

Word Pronunciation & Dictionary

veblen good

Word Rarity Very rare

Frequency: Zipf frequency 2.07 in modern English

Syllables
ve-blen -good
IPA
17
Scrabble Score
10
Letters
3
Syllables
8
Unique Chars

Meaning

noun

A luxury item for which demand increases as its price rises, defying the standard law of demand due to its role as a status symbol.

Etymology

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

Inflected Forms

Veblen goods (plural)

Phrases

Veblen effect Giffen good positional good status symbol

Frequently Paired Words

Veblen effect Giffen good positional good status symbol

Questions

What does veblen good mean?
A luxury item for which demand increases as its price rises, defying the standard law of demand due to its role as a status symbol.
Where does veblen good come from?
Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.

How to pronounce veblen good

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  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
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