Thorstein Veblen used the concept "conspicuous consumption" to refer to which of the following?
A)doing things in public instead of in private
B)consuming expensive things to show off one's wealth
C)boycotting certain products as a form of protest
D)trying to look more socially disadvantaged than you really are

Question

Quizplus · Accepted Answer

Thorstein Veblen's concept of "conspicuous consumption" refers to the act of consuming expensive or luxurious goods and services to display one's wealth and social status. It involves using consumption as a means of displaying one's superiority over others. The other choices do not accurately reflect Veblen's concept.

Thorstein Veblen Used the Concept "Conspicuous Consumption" to Refer to Which