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Meaning of Veblen good | Babel Free

Noun CEFR B2

Definitions

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.

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

Veblen's theorem VEC Vecchiarelli Vecchio Vecchione veche