# Veblen good

> English word · Noun

## Definitions
1. A luxury item for which demand increases as its price rises, defying the standard law of demand due to its role as a status symbol.

## Etymology
Named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking.

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/veblen-good