Which term did Thorstein Veblen use to refer to the purchase of goods or services for the specific purpose of displaying one's wealth?
A) Protestant ethic
B) Class consciousness
C) Conspicuous consumption
D) Status symbol

Question

Quizplus · Accepted Answer

Thorstein Veblen coined the term "conspicuous consumption" to describe the purchase of goods or services primarily for the purpose of displaying one's high social status and wealth to others.

Which Term Did Thorstein Veblen Use to Refer to the Purchase