Aug 7, 2020 00:55
3 yrs ago
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English term

Veblen good

GBK English to Arabic Bus/Financial Economics
Definition from TapRun.com:
A product for which a higher price stimulates increased customer demand. Such items are used to advance the status of the purchaser and provide value other than direct functionality. Common examples include art, wine and jewelry.
Example sentences:
Additionally, whether or not foreign workers view Saudi Arabia’s labor market as a Veblen good has different repercussions for the policy’s future effectiveness. For instance, if we assume that the policy’s primary objective has been to curb foreign worker flows into the country, then the policy did not accomplish its goals (yet). (Georgetown Public Policy Review)
A Veblen good does not adhere to the traditional laws of price and demand. Below a certain price, the price/demand dynamics are consistent with conventional products – higher prices result in a lower demand. However, above a certain price, this relationship reverses, and demand rises along with price increases. (Forbes)
UK housebuilders are marching upwards after Berkeley hiked its shareholder bung. The builder of Veblen-good towerblocks in subprime neighbourhoods will return an extra £455m over the next two years, on top of a £280m per annum already announced. It’ll be in a tax-streamlined B and C share structure that supersedes the current £140m dividend cost, with £500m going back to investors in March 2020 at 400p per share and in March 2021 at 440p. (Financial Times Alphaville)
Proposed translations (Arabic)
4 +3 سلع فيبلين
5 +1 منتجات فاخرة - منتجات كمالية
Change log

Aug 1, 2020 00:46: changed "Kudoz queue" from "In queue" to "Public"

Aug 7, 2020 00:56: changed "Stage" from "Preparation" to "Submission"

Aug 10, 2020 01:56: changed "Stage" from "Submission" to "Selection"

Aug 17, 2020 01:54:

Aug 17, 2020 10:54: changed "Stage" from "Selection" to "Completion"

Proposed translations

+3
9 hrs
Selected

سلع فيبلين

Eponymous, Thorstein Veblen. Translation in same vein as Giffen goods - سلع جيفن

See also Theory of the Leisure Class - نظرية الطبقة المترفة and Conspicuous Consumption - الاستهلاك المظهري أو التفاخري
Definition from Iraqi Economists Network:
سلعة فيبلين هي تلك السلعة التي يزداد الطلب عليها كلما زاد سعرها لأن المستهلكين يرون فيها رمزاً حصرياً للمكانة التي يحتلونها في الهرم الاجتماعي. ارتبطت باسم الاقتصادي الأمريكي ثورستين فيبلين Thorstein Veblen الذي ابتكر مصطلح الاستهلاك المظهري أو الاستهلاك التفاخري “conspicuous consumption”.
Example sentences:
هناك أنواع مختلفة من الآثار الخارجية ليس فقط في الإنتاج ولكن في الاستهلاك كذلك. يكفي هنا مجرد التفكير بسلع فيبلين Veblen. (Iraqi Economists Network)
ولكن في الواقع هنالك شيء .. كما يوجد سلع تدعى سلع فيلبين وهي السلع التي تعتمد قيمتها على سعرها المرتفع وندرتها فهنالك نوع آخر من تلك السلع حيث تعتمد قيمتها على توفرها بصورة شائعة و كونها لا طبقية و في كل مكان (المعاني)
Peer comment(s):

agree Ismaël Kouddane
3 days 11 hrs
agree TargamaT team
9 days
agree Ali Mohammed Ali Salah
383 days
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4 KudoZ points awarded for this answer.
+1
3 hrs

منتجات فاخرة - منتجات كمالية

Definition from Al-maany:
منتجات ترفية؛ منتجات كمالية
Example sentences:
في استهداف الفئة الأشمل ، استخدم منتجات الجمال والأزياء والسلع الفاخرة؛ والصحة والرفاهية كفئات فرعية In Broad Category Targeting , use Beauty Products , Fashion , Luxury Goods; Health and Well Being as your sub- categories (almaany)
Peer comment(s):

agree Ali Mohammed Ali Salah
383 days
Something went wrong...
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