Veblen good

Polish translation: dobro Veblena

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00:55 Aug 7, 2020
English to Polish translations [PRO]
Bus/Financial - Economics
Additional field(s): Business/Commerce (general), Finance (general), Marketing / Market Research
English term or phrase: Veblen good
Definition from TapRun.com:
A product for which a higher price stimulates increased customer demand. Such items are used to advance the status of the purchaser and provide value other than direct functionality. Common examples include art, wine and jewelry.

Example sentence(s):
  • Additionally, whether or not foreign workers view Saudi Arabia’s labor market as a Veblen good has different repercussions for the policy’s future effectiveness. For instance, if we assume that the policy’s primary objective has been to curb foreign worker flows into the country, then the policy did not accomplish its goals (yet). Georgetown Public Policy Review
  • A Veblen good does not adhere to the traditional laws of price and demand. Below a certain price, the price/demand dynamics are consistent with conventional products – higher prices result in a lower demand. However, above a certain price, this relationship reverses, and demand rises along with price increases. Forbes
  • UK housebuilders are marching upwards after Berkeley hiked its shareholder bung. The builder of Veblen-good towerblocks in subprime neighbourhoods will return an extra £455m over the next two years, on top of a £280m per annum already announced. It’ll be in a tax-streamlined B and C share structure that supersedes the current £140m dividend cost, with £500m going back to investors in March 2020 at 400p per share and in March 2021 at 440p. Financial Times Alphaville
Glossary-building KudoZ




Question posted on behalf of translation team:
GBK economics and finances specialistsGBK economics and finances specialists


This question is closed

Polish translation:dobro Veblena
Definition:
Dobro Veblena to towar luksusowy, na który popyt rośnie wraz ze wzrostem ceny.
Selected response from:

Leszek Karlik
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
5 +2dobro Veblena
Leszek Karlik


Discussion entries: 1





  

Translations offered


8 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +2
dobro Veblena


Definition from Wikipedia:
Dobro Veblena to towar luksusowy, na który popyt rośnie wraz ze wzrostem ceny.

Example sentence(s):
  • dobro Veblena, ekon. dobro luksusowe, na które popyt po zwiększeniu ceny rośnie; - Encyklopedia PWN  

Explanation:
Czasem w ekonomii można też spotkać termin "dobro veblenowskie", ale jest używany dużo rzadziej.
Leszek Karlik
Local time: 15:47
Native speaker of: Native in PolishPolish
PRO pts in category: 4

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Frank Szmulowicz, Ph. D.
1 hr
  -> Dziękuję :-)

Yes  Dawid Mazela, MA, MCIL
48 days
  -> Dziękuję :-)
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