WEBLAN EFFECT
I want to tell you about the effect that we often observe in everyday life.
The Veblen effect is an economically unjustified increased demand for expensive goods (high price category). And the more the price rises, the more demand grows.
Why does this happen?
This is because most people do not have access to this product, and its presence emphasizes social status or advancement on the social ladder (career growth, etc.)
This effect demonstrates a person's desire for prestige and luxury, even if this does not correspond to his financial situation.
When I was writing this post, the products of one well-known brand that produce equipment came to mind😉 As a visual demonstration of the effect🍎)
Guess what this is about?)