These are goods that people consume more of as the price rises, contradicting the law of demand. They are rare and typically involve essential items for which no substitute is available.
127
1.31K reads
CURATED FROM
IDEAS CURATED BY
As an avid freakonmics listener, I decided to compile a list of my own personal favorite economic facts and.
“
Similar ideas to Giffen Goods
Demand shocks occur when the demand for products drops as people stop earning money. A tactic to fix this is to stimulate the economy. In 2008, Australia gave households cash and encouraged them to spend to jumpstart the economy.
In 2020, the problem is also a lac...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates