Definitions from Wiktionary (snob effect)
▸ noun: (economics) The situation where the demand for a certain good by individuals of a higher income level is inversely related to its demand by those of a lower income level.
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▸ noun: (economics) The situation where the demand for a certain good by individuals of a higher income level is inversely related to its demand by those of a lower income level.
Similar:
snob value,
inferior good,
lipstick effect,
price scissors,
skimpflation,
normal good,
network effect,
Veblen good,
cream skimming,
second-round effect,
more...
Types:
Veblen effect,
bandwagon effect,
reverse snobbery,
status quo bias,
elitism,
superiority complex,
more...
▸ Words similar to snob effect
▸ Usage examples for snob effect
▸ Idioms related to snob effect
▸ Wikipedia articles (New!)
▸ Words that often appear near snob effect
▸ Rhymes of snob effect
▸ Invented words related to snob effect