Purchasing goods not to survive,but to flaunt one's superior wealth and social standing is known as

Question

Quizplus · Accepted Answer

Conspicuous consumption refers to the practice of purchasing luxury goods and services with the primary goal of flaunting one's wealth and social status. This behavior is often associated with conspicuous consumption theory, which argues that individuals engage in this behavior to signal their financial standing and social class to others.

Purchasing Goods Not to Survive,but to Flaunt One's Superior Wealth