3 ms·
Unless I'm wrong those are considered Veblen goods. [1] [1] https://www.investopedia.com/terms/v/veblen-good.asp https://www.investopedia.com/terms/v/veblen-go
by arcticbull 3y ago
Unless I'm wrong those are considered Veblen goods. [1]
[1] https://www.investopedia.com/terms/v/veblen-good.asp https://www.investopedia.com/terms/v/veblen-good.asp
- rbranson 3y agoOutside of a few household-name Champagne houses, most expensive wine is expensive because it is desirable and the vineyards used to produce it are tiny. Standard economics.