The concept of the potlatch, the extravagant feast and display and often even the destruction of wealth or possessions (to show that one can afford to) characteristic of the Kwakiutl Indians of the Pacific Northwest, is analogous to the modern concept of:
A) conspicuous consumption.
B) social class.
C) the idle rich.
D) reciprocal demand theory.

Question

Quizplus · Accepted Answer

The concept of the potlatch, which involves displaying and sometimes destroying wealth to show one's affluence, closely aligns with the idea of conspicuous consumption. Conspicuous consumption refers to spending money on luxury goods and services to publicly display economic power.

The Concept of the Potlatch, the Extravagant Feast and Display