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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
Aggregate supply
Managing the economy

Aggregate supply

Published on January 25, 2020

Demand shocks
Managing the economy

Demand shocks

Published on January 25, 2020

International trade
Managing the economy

International trade

Published on January 25, 2020

Crowding out
Managing the economy

Crowding out

Published on January 25, 2020

The public sector - government spending
Managing the economy

The public sector - government spending

Published on January 25, 2020

Investment
Managing the economy

Investment

Published on January 25, 2020

Savings
Managing the economy

Savings

Published on January 25, 2020

Household spending
Managing the economy

Household spending

Published on January 25, 2020

Aggregate demand
Managing the economy

Aggregate demand

Published on January 25, 2020

The circular flow of income
Managing the economy

The circular flow of income

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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