Word.ws English Dictionary

Veblen good

Veblen good noun: a luxury item for which demand increases as its price rises, defying the standard law of demand due to its role as a status symbol.

Noun

Veblen good (plural Veblen goods)

  1. A luxury item for which demand increases as its price rises, defying the standard law of demand due to its role as a status symbol.

Forms of Veblen good

pluralVeblen goods

Origin of Veblen good

Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.

Questions about Veblen good

What does Veblen good mean?
Veblen good means a luxury item for which demand increases as its price rises, defying the standard law of demand due to its role as a status symbol.
What part of speech is Veblen good?
Veblen good is a noun.
What is the plural of Veblen good?
The plural of Veblen good is Veblen goods.

Words near Veblen good in the dictionary

  1. Veazeys
  2. Veazie
  3. Veblen
  4. Veblen effect
  5. Veblen effects
  6. Veblen good
  7. Veblen goods
  8. Veblen's theorem
  9. Veblenian
  10. Veblens
  11. VEC

Source and license

Adapted from Wiktionary: Veblen good (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

Last updated:

Pronunciation audio from Wikimedia Commons, each file under its own free license: En-us-Veblen good.oga.

Cite this entry: “Veblen good.” Word.ws, https://word.ws/veblen_good. Based on Wiktionary, CC BY-SA 4.0.