Phrase guide
Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.
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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.
Definition source: English Wiktionary via Wiktextract
Topics: economics, sciences
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.
