Positional goods are goods valued only by how they are distributed among the population, not by how many of them there are available in total. The source of greater worth of positional goods is their desirability as a status symbol, which usually results in them greatly exceeding the value of comparable goods.

What is a positional good example?

Positional goods are goods and services that people value because of their limited supply, and because they convey a high relative standing within society. Positional goods may include brand-name luxury handbags, a custom Feadship motor yacht, or front-row tickets to the Super Bowl.

What is meant by position of goods?

Positional goods are products people buy because of their status symbol value, things that we purchase to keep up with the Joneses – to impress others. Positional goods are purchased because of what they say about the person who acquires them. ...