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Veblen goods are typically high-quality goods that are made well, and are considered a status symbol to affluent consumers. Veblen goods give off a almost mythical Brand Status that increase the prestige of the owner over members of the same social class. Veblen goods appear to violate the Law of Demand because the higher the price of a good the more people want it. They are not sold in regular stores and are coveted highly.
The Magnova community says the following issues give rise to Veblen Good. Addressing this issue could be accomplished by dealing with the following sub-issues. (Registered users can upvote/downvote these connections.)
The following projects have been created by the Magnova community to address this issue. (Registered users can upvote/downvote which projects they want to see implemented.)
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