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Veblen effect
VEBLEN EFFECT

Definition: Occurs when consumers perceive higher-priced goods to be worth more, simply because they cost more.
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* All seven elements would be in.


B1. Believed purposeful and necessary to have 'superior' feel.

E2. Production process not contributed to by who has feeling.

L3. Pricing mechanism not based on demand and supply factor.

.I4. Valuation very arbitrary, no ground of any trial or test.

E5. Packaging and/or presentation, usually specially made.

V6. Sustained, retained as long as marketing or PR is on.

E7. Actuation of experience often achieves objective(s).
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MIND. Dreams and desires. JOYOUSNESS.

PERCEPTION. Imagination.

CONTROL. Management. NARRATIVE.

CONTEXT. Conception.

REALIZATION. Reality. PURCHASE.
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Seemingly.

See perfect PERCEPTION (3).

Suspicious?

See perfect OVERVALUATION.

Suggestive.

See perfect TWENTY-TWENTY.

Susceptible?

See perfect BLACK FRIDAY (3).

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