Luxury Goods Terminology

verb the action of covering an object with a thin layer of silver

adjective describing a type of metal object that has been coated with a thin layer of silver

• The elegant dining set was made of silver plated cutlery.
• I bought a silver plated necklace for my mom's birthday.
• Check out this cool silver plated bracelet I got at the flea market!
• His words were like silver plated lies, shiny on the surface but lacking true value.

noun a type of good for which demand increases as the price increases, in contrast to the law of demand

• Veblen goods are luxury items that people demand more of as the price increases.
• Veblen goods are those fancy things that everyone wants because they're expensive.
• Veblen goods are like the status symbols that everyone has to have.
• Veblen goods are the ultimate display of conspicuous consumption.