Veblen goods are a type of product whose demand increases as its price rises, contrary to the typical economic principle where higher prices lead to lower demand. Named after economist Thorstein Veblen, these goods are often seen as status symbols, where consumers purchase them to signal wealth and exclusivity. Examples include luxury items like designer handbags, high-end cars, and expensive watches. The appeal of Veblen goods lies in their ability to convey prestige and social status. As more people aspire to own these items, their desirability grows, making them even more sought after. This phenomenon highlights the complex relationship between consumer behavior and social dynamics.