Matthew buys an expensive Louis Vuitton suit,despite already owning four other suits.This is an example of

Question

Quizplus · Accepted Answer

Conspicuous consumption refers to the purchase of luxury goods or services for the purpose of displaying wealth or social status. In this scenario, Matthew is buying an expensive Louis Vuitton suit despite already owning four other suits, indicating that he wants to show off his wealth and status.

Matthew Buys an Expensive Louis Vuitton Suit,despite Already Owning Four