Goods or services become _____ to indicate their owners' place in the social hierarchy.

Question

Quizplus · Accepted Answer

Status symbols are goods or services that are used to indicate the owner's social position or rank in society. They are often associated with luxury or exclusivity and are meant to be visible to others as a marker of one's social standing. Examples of status symbols might include expensive cars, designer clothing, or exclusive memberships to clubs or organizations.

Goods or Services Become _____ to Indicate Their Owners' Place