Which type of consumption refers to a tendency of the wealthy to flaunt their material possessions as a way of displaying their social class?

Question

Quizplus · Accepted Answer

Conspicuous consumption refers to the tendency of the wealthy to flaunt their material possessions as a way of displaying their social class. This term was coined by Thorstein Veblen, an economist and sociologist who observed this behavior among the wealthy during the Gilded Age in the United States.

Which Type of Consumption Refers to a Tendency of the Wealthy