Question

what are Giffin goods.

Answer 1

In economics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa—violating the basic law of demand in microeconomics.

Answer 2

giffen goods means inferior goods. in case of giffen goods income increases then demand will decrease. for example of giffen goods are dalda ghee, thick grains, low quality of goods etc.