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Shoppers outside of a store of a well-known luxury brand that counts as a Veblen good, meaning popularity increases as price increases.

The Economics of Social Status: Why We Pay More for Less

Veblen goods are luxury goods that violate the Law of Demand, which states that quantity demanded of a good falls as price rises. Veblen goods actually become more popular as prices increase. Why is this the case? Can the purchase of such goods be reasonable?...
5 min read
Zero hours contracts
Labour markets

Zero hours contracts

Published on January 17, 2020

Trade unions and the labour market
Labour markets

Trade unions and the labour market

Published on January 17, 2020

Monopsony power and remedies
Labour markets

Monopsony power and remedies

Published on January 17, 2020

Monopsony
Labour markets

Monopsony

Published on January 17, 2020

Labour market discrimination
Labour markets

Labour market discrimination

Published on January 17, 2020

Wage differentials
Labour markets

Wage differentials

Published on January 17, 2020

Labour market failures
Labour markets

Labour market failures

Published on January 17, 2020

Economic rent and transfer earnings
Labour markets

Economic rent and transfer earnings

Published on January 17, 2020

Wages and employment
Labour markets

Wages and employment

Published on January 17, 2020

Supply of labour
Labour markets

Supply of labour

Published on January 17, 2020

Newer Posts
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Older Posts
Main Economic Implications of SWOT Analysis for Web Development Company

Main Economic Implications of SWOT Analysis for Web Development Company

How can a company make smarter decisions in a fast-changing business environment? A SWOT analysis offers a great starting point. For compani...
7 min read

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