"Veblen good" meaning in English

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  "etymology_text": "Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.",
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        "A good for which people's preference for buying them increases as a direct function of their price, as greater price confers greater status."
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        {
          "word": "Veblen effect"
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        {
          "word": "positional good"
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        {
          "word": "Giffen good"
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  "word": "Veblen good"
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  "etymology_text": "Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.",
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      "word": "Veblen effect"
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