wealth effect - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “wealth effect”

wealth effect

noun [S]
 
 
ECONOMICS
the theory that when the value of assets such as gold, shares, and property rises, people spend more: One of the primary drivers of spending by American consumers is the wealth effect of rising share prices.
(Definition of wealth effect from the Cambridge Business English Dictionary © Cambridge University Press)
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