- giffen goods
- Goods that do not obey the law of demand, in that quantity demanded decreases as price decreases (from British economist, Robert Giffen).
American business jargon. 2014.
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Giffen good — In economics (consumer theory), a Giffen good is that which people consume more of as price rises, violating the law of demand. In normal situations, as the price of such a good rises, the substitution effect causes people to purchase less of it… … Wikipedia
Giffen Good — A consumer good for which demand rises when the price increases, and demand falls when the price decreases. This phenomenon is notable because it violates the law of demand, whereby demand should increase as price falls and decrease as price… … Investment dictionary
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Veblen good — In economics, Veblen goods are a theoretical group of commodities for which peoples preference for buying them increases as a direct function of their price, instead of decreasing according to the theory of supply and demand.It is claimed that… … Wikipedia
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Гиффена товары — (в экономике) (Giffen goods), товары, спрос на к рые падает вместе с падением их цены, и наоборот. Это нарушает обычную взаимосвязь между спросом и предложением. Термин обязан своим происх. Роберту Гиффену (1837 1910), к рый определил, что при… … Народы и культуры