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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
Managing the economy

Balance_of_payments

Published on January 25, 2020

Equity and inequality
Managing the economy

Equity and inequality

Published on January 25, 2020

Productivity
Managing the economy

Productivity

Published on January 25, 2020

Employment and unemployment
Managing the economy

Employment and unemployment

Published on January 25, 2020

Price stabilisation
Managing the economy

Price stabilisation

Published on January 25, 2020

Economic_development
Managing the economy

Economic_development

Published on January 25, 2020

Sustainable growth
Managing the economy

Sustainable growth

Published on January 25, 2020

Macroeconomics objectives
Managing the economy

Macroeconomics objectives

Published on January 25, 2020

Fiscal multipliers
Managing the economy

Fiscal multipliers

Published on January 25, 2020

The multiplier
Managing the economy

The multiplier

Published on January 25, 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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