Giffen goods

Giffen goods

Named after Robert Giffen (1837-1910), a good for which demand increases as its price rises. But such goods may not exist in the real world.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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Related terms

giffen goods

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Named after Robert Giffen (1837-1910), a good for which demand increases as its price rises. But such goods may not exist in the real world.

Giffen good

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giffen good

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