Reply to post: Re: Giffen good?

Does Google make hardware just so nobody buys it?

Anonymous Coward
Anonymous Coward

Re: Giffen good?

A giffen good is something everyday that becomes desirable as the price goes up. Bacon has been known to show this tendency.

A veblen good starts out as a status symbol and gets more so as the price goes up.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019