Some Products Lose Their Buying Value

Some Products Lose Their Buying Value

Some products lose their buying value if they are put on a discount or an offer. They have an upward-sloping demand curve and are mostly looked upon as a status symbol. These products are called Veblen Goods, and this psychological phenomenon is called the ‘Veblen Effect’.

Study Link – https://en.wikipedia.org/wiki/Veblen_good

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Research Found That Parents With Negative Childhood Experiences

Parents with negative childhood experiences

Psychology FactResearch found that parents with negative childhood experiences and untreated childhood trauma are more likely to believe in the effectiveness of physical punishment (like spanking) for their children.

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