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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
Promoting development
Global economics

Promoting development

Published on January 27, 2020

Development constraints
Global economics

Development constraints

Published on January 27, 2020

'New' growth theory
Global economics

'New' growth theory

Published on January 27, 2020

New Classical Theory
Global economics

New Classical Theory

Published on January 27, 2020

Dependency theory
Global economics

Dependency theory

Published on January 27, 2020

Structural change theory
Global economics

Structural change theory

Published on January 27, 2020

Linear growth theories
Global economics

Linear growth theories

Published on January 27, 2020

PPP
Global economics

PPP

Published on January 27, 2020

MEW
Global economics

MEW

Published on January 27, 2020

Economic development
Global economics

Economic development

Published on January 27, 2020

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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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