In "The Theory of the Leisure Class," Thorsten Veblen used the term "conspicuous consumption" to describe
A) Producing more food than we need to prove our superiority to other nations
B) Choosing to throw away food instead of feeding poor and malnourished people
C) Buying things we don't need in order to impress others
D) Buying things we don't want in order to keep others from having them
E) Inefficient use of heating fuel

Question

Quizplus · Accepted Answer

Veblen's concept of "conspicuous consumption" refers to the practice of purchasing goods or services for the purpose of displaying wealth or status, rather than out of necessity. This is to signal social status or prestige, rather than for practical reasons.

In "The Theory of the Leisure Class," Thorsten Veblen Used