wealth effect Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “wealth effect” in the English Dictionary

"wealth effect" in Business English

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wealth effectnoun [S]

uk   us   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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