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Published 14:00 IST, February 18th 2024

What is Lipstick effect in the economy? All you need to know

The "lipstick effect" is an economic theory that suggests during tough economic times, people are more likely to purchase less expensive luxury goods.

Reported by: Business Desk
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Lipstick
Lipstick | Image: Freepik
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13:51 IST, February 18th 2024