The eagerness to show wealth by the purchase and visible ownership of goods is called ________.

Question

Quizplus · Accepted Answer

Conspicuous consumption refers to the behavior of individuals who purchase and display luxury goods and services as a means of signaling their wealth and status to others. This concept is associated with the sociologist Thorstein Veblen, who argued that individuals engage in conspicuous consumption as a way of distinguishing themselves from others and affirming their social position. Open economy and pure capitalism are both economic models and do not relate to the concept of conspicuous consumption. Manifest marketing is not a recognized term in economics or sociology.

The Eagerness to Show Wealth by the Purchase and Visible