In an era defined by economic uncertainty, one truth remains remarkably consistent: People still want what signals value, status, and meaning, sometimes because it costs more.
A Veblen good is a product that challenges conventional economic theory. Normally, when the price of something increases, demand tends to drop. But for Veblen goods, the opposite occurs — demand ...
Ferrari's strong brand heritage and Veblen effect allow it to increase prices while maintaining or increasing demand, ensuring high profitability and exclusivity. Despite a pristine balance sheet and ...
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