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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
Trade_with_the_EU
Global economics

Trade_with_the_EU

Published on January 27, 2020

Competitiveness
Global economics

Competitiveness

Published on January 27, 2020

FDI
Global economics

FDI

Published on January 27, 2020

Globalisation
Global economics

Globalisation

Published on January 27, 2020

Terms of trade
Global economics

Terms of trade

Published on January 27, 2020

Gravity theory
Global economics

Gravity theory

Published on January 27, 2020

The Pattern of Trade
Global economics

The Pattern of Trade

Published on January 27, 2020

Why do countries trade?
Global economics

Why do countries trade?

Published on January 27, 2020

Comparative advantage
Global economics

Comparative advantage

Published on January 27, 2020

The Rotterdam effect
Global economics

The Rotterdam effect

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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