Conspicuous consumption is a term that was coined
A) to refer to the concept of purchasing things to impress others.
B) a century ago.
C) in the 1950's when consumption began to increase and family size began to decrease.
D) to refer to the concept of purchasing things to impress others and a century ago.
E) to refer to the concept of purchasing things to impress others and in the 1950's when consumption began to increase and family size began to decrease.

Question

Quizplus · Accepted Answer

The term "conspicuous consumption" was coined by Thorstein Veblen in his 1899 book "The Theory of the Leisure Class" to describe the practice of spending money on luxury goods and services to publicly display economic power. This definition combines the concept of purchasing to impress others (A) and the historical timing of its coinage (B), making D the correct choice.

Conspicuous Consumption Is a Term That Was Coined