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positional goods

Line breaks: pos|ition¦al goods

Definition of positional goods in English:

plural noun

Economics
Goods which are in limited supply and which become more sought after and relatively more expensive as material prosperity increases.
Example sentences
  • Thus the spending by the wealthy on many positional goods acts as a curious sort of natural taxation.
  • In a booming economy characterized by net immigration rather than net emigration, where the demands of an expanding middle class are outstripping supply, the acquisition of positional goods becomes ever more difficult.
  • However, there is a great deal of mobility in Highbury society, a mobility expressed largely through the circulation of young women, and here escalation is less a matter of positional goods then of cultural capital.

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words