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Veblen good

Arabic translation: سلع فيبلين

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00:55 Aug 7, 2020
English to Arabic translations [PRO]
Bus/Financial - Economics
Additional field(s): Business/Commerce (general), Finance (general), Marketing / Market Research
English term or phrase: Veblen good
Definition from TapRun.com:
A product for which a higher price stimulates increased customer demand. Such items are used to advance the status of the purchaser and provide value other than direct functionality. Common examples include art, wine and jewelry.

Example sentence(s):
  • Additionally, whether or not foreign workers view Saudi Arabia’s labor market as a Veblen good has different repercussions for the policy’s future effectiveness. For instance, if we assume that the policy’s primary objective has been to curb foreign worker flows into the country, then the policy did not accomplish its goals (yet). Georgetown Public Policy Review
  • A Veblen good does not adhere to the traditional laws of price and demand. Below a certain price, the price/demand dynamics are consistent with conventional products – higher prices result in a lower demand. However, above a certain price, this relationship reverses, and demand rises along with price increases. Forbes
  • UK housebuilders are marching upwards after Berkeley hiked its shareholder bung. The builder of Veblen-good towerblocks in subprime neighbourhoods will return an extra £455m over the next two years, on top of a £280m per annum already announced. It’ll be in a tax-streamlined B and C share structure that supersedes the current £140m dividend cost, with £500m going back to investors in March 2020 at 400p per share and in March 2021 at 440p. Financial Times Alphaville
Glossary-building KudoZ




Question posted on behalf of translation team:
GBK economics and finances specialistsGBK economics and finances specialists


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Arabic translation:سلع فيبلين
Definition:
سلعة فيبلين هي تلك السلعة التي يزداد الطلب عليها كلما زاد سعرها لأن المستهلكين يرون فيها رمزاً حصرياً للمكانة التي يحتلونها في الهرم الاجتماعي. ارتبطت باسم الاقتصادي الأمريكي ثورستين فيبلين Thorstein Veblen الذي ابتكر مصطلح الاستهلاك المظهري أو الاستهلاك التفاخري “conspicuous consumption”.
Selected response from:

Karina Zidan (X)
Netherlands
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
4 +3سلع فيبلين
Karina Zidan (X)
5 +1منتجات فاخرة - منتجات كمالية
Shady Koura


  

Translations offered


3 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
منتجات فاخرة - منتجات كمالية


Definition from Al-maany:
منتجات ترفية؛ منتجات كمالية

Example sentence(s):
  • في استهداف الفئة الأشمل ، استخدم منتجات الجمال والأزياء والسلع الفاخرة؛ والصحة والرفاهية كفئات فرعية In Broad Category Targeting , use Beauty Products , Fashion , Luxury Goods; Health and Well Being as your sub- categories - almaany  
Shady Koura
Egypt
Local time: 23:11
Native speaker of: Arabic

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Ali Mohammed Ali Salah
383 days
Login to enter a peer comment (or grade)

9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
سلع فيبلين


Definition from Iraqi Economists Network:
سلعة فيبلين هي تلك السلعة التي يزداد الطلب عليها كلما زاد سعرها لأن المستهلكين يرون فيها رمزاً حصرياً للمكانة التي يحتلونها في الهرم الاجتماعي. ارتبطت باسم الاقتصادي الأمريكي ثورستين فيبلين Thorstein Veblen الذي ابتكر مصطلح الاستهلاك المظهري أو الاستهلاك التفاخري “conspicuous consumption”.

Example sentence(s):
  • هناك أنواع مختلفة من الآثار الخارجية ليس فقط في الإنتاج ولكن في الاستهلاك كذلك. يكفي هنا مجرد التفكير بسلع فيبلين Veblen. - Iraqi Economists Network  
  • ولكن في الواقع هنالك شيء .. كما يوجد سلع تدعى سلع فيلبين وهي السلع التي تعتمد قيمتها على سعرها المرتفع وندرتها فهنالك نوع آخر من تلك السلع حيث تعتمد قيمتها على توفرها بصورة شائعة و كونها لا طبقية و في كل مكان - المعاني  

Explanation:
Eponymous, Thorstein Veblen. Translation in same vein as Giffen goods - سلع جيفن

See also Theory of the Leisure Class - نظرية الطبقة المترفة and Conspicuous Consumption - الاستهلاك المظهري أو التفاخري
Karina Zidan (X)
Netherlands
Local time: 23:11
Native speaker of: Native in ArabicArabic
PRO pts in category: 4

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Ismaël Kouddane
3 days 11 hrs
Yes  TargamaT team
9 days
Yes  Ali Mohammed Ali Salah
383 days
Login to enter a peer comment (or grade)



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