Giffen good

Rarity: Uncommon

A topic a little better known than average, read and translated beyond its own country.

Rarity follows how well known the article is: its views on the French and English Wikipedia over a year, and the number of languages it exists in.

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Notion

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What Wikipedia says

In microeconomics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa, violating the law of demand.

Excerpt from the Wikipedia article “Giffen good”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: MDCCCC, CC BY 4.0, via Wikimedia Commons.