Tag Archives: Giffen Goods

Analyzing Giffen & Veblen Goods

In the bustling markets of India, not all economic principles follow the straightforward paths laid out in textbooks. Some consumer behaviors defy basic laws of demand and supply, presenting unique challenges and opportunities for the common man. Today, we’ll explore two intriguing economic anomalies: Giffen Goods and Veblen Goods. These concepts may sound academic, but …