"Giffen good" meaning in English

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  "etymology_text": "Named after Scottish economist Robert Giffen (1837–1910), who was attributed as the author of this idea by Alfred Marshall in his book Principles of Economics.",
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      "form": "Giffen goods",
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        {
          "ref": "2008, Libby Rittenberg, Principles of Microeconomics, Flat World Knowledge, page 182",
          "text": "To qualify as a Giffen good, a good must be inferior and must have an income effect strong enough to overcome the substitution effect. The example often cited of a possible Giffen good is the potato during the Irish famine of 1845–1849.",
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        "A postulated inferior good which people consume more of as only the price rises. It has a positive price elasticity of demand."
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        "(economics) A postulated inferior good which people consume more of as only the price rises. It has a positive price elasticity of demand."
      ],
      "related": [
        {
          "word": "potato paradox"
        },
        {
          "word": "Veblen good"
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          "lang": "Russian",
          "roman": "továr Gíffena",
          "sense": "a good with positive price elasticity of demand",
          "tags": [
            "masculine"
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          "word": "това́р Ги́ффена"
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        "Giffen good",
        "Principles of Economics (Marshall book)"
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  "word": "Giffen good"
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  "lang_code": "en",
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      "word": "potato paradox"
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      "word": "Veblen good"
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        "(economics) A postulated inferior good which people consume more of as only the price rises. It has a positive price elasticity of demand."
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      "lang": "Russian",
      "roman": "továr Gíffena",
      "sense": "a good with positive price elasticity of demand",
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        "masculine"
      ],
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    }
  ],
  "word": "Giffen good"
}