Ch 2.22 - Demonstration Effect | Bandwagon Effect | Snob Effect | Veblen Effect I CA Foundation

In this video you will learn :
Exceptions to Law of Demand with reference to Consumer's taste & preferences i.e.,
Meaning of :
Demonstration Effect, Veblen Effect , Snob Effect.

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[UNICOMeducation]

Q. Can you tell what is another name of Veblen effect ?
Q. Prestige Goods, Veblen Goods & Snob Goods are also known as ??

[gokusan]

00:40 demonstration effect. 02:00 snob effect. 03:44 veblen effect. 04:18 conspicuous consumption

[lipikaghosh]

Bohut jaldi samaj gaya.... Ye tin o mein problems tha... Acha laga apka samjhaneka tarika..🎉💗🙏Thaks Di

[tesulalohiya]

Thanks for sharing this information in such a simple way

[gyandeepak_gupta]

Band wagon effect - It refers to extent to which the demand for a commodity is increased due to the fact that others are also consuming the same commodity. (Herd Mentality)
Purchase commodity in order to be fashionable or stylish or to conform to the people they wish to be associated with.
For example - ( जो चीज ट्रेंड मे है उसे फॉलो करना )

[yougeshchavan]

You are explaining in very simple language

[tusharjain]

Nice video mam👍👍👍
Your method of teaching is fabulous😊😊😊
Mam please make a video on Demonetisation and it's effect on Indian economy...
#unicom Best channel forever

[pramodjoshi]

04:18 Conspicuous Consumption Chapter 1 🙌

[Bengali_investor]

Thank you baisali I've the same quarries 🙏🙏🙏

[बीपीएससी]

Wah mam aap to itne ashani se pahucha di 🙏🙏🙏

[MAHESH-bull]

Nicely explained ma'am by where is bandwagon effect

[samarthsaindane]

Thank you yaar ❤️ ye video banane ke liye

[saya-jcmv]

Mam are the demonstration effect and bandwagon effect same? And nice explanation. Thank you 💜

[a.b.]

Ma'am can you please tell me this terms are related with which part of the economics micro /macro/international economics....please ma'am

[blast]

So what is the difference between Bandwagon effect and Veblen effect. They both have similarities

[tsewangdolma]

Article of distinction also known as veblin goods?

[blast]

Why are snob goods considered to be conspicuous goods? People gradually lose interest in snob goods(snob effect) so how can they be considered as conspicuous goods