snob value

From WikiWord

English

Etymology

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Pronunciation

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Noun

snob value noun

The value of an item specifically to individuals of higher income levels, according to the snob effect.“Items with significant snob value include rare artworks, designer clothing, and sports cars.”

Verb

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Related terms

Synonyms

snob effect positional good veblen good price scissors merit good luxury tax numismatic value cream skimming inferior good theory of value demerit good sexual market value normal good value added private good shadow price

Usage & collocations

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Usage in the wild

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References