Vocabulary Entry

veblen

|noun

noun

A term used to describe goods that are more desirable when they are more expensive, named after economist Thorstein Veblen.

Example Sentences

"Luxury brands often sell veblen goods that attract wealthy consumers."

"The new car was a veblen item, coveted by collectors for its high price."

"In the fashion industry, veblen goods are often associated with status and exclusivity."