What term did Thorstein Veblen use to refer to the behavior of those at the top of the social hierarchy when they engage in such activities as jetting off to a remote destination for dinner?
A) consumption flow
B) inconspicuous ridicule
C) conspicuous consumption
D) consumptive frivolity

Question

Quizplus · Accepted Answer

Thorstein Veblen coined the term "conspicuous consumption" to describe the behavior of those at the top of the social hierarchy who engage in wasteful and extravagant spending on goods and services to display their wealth and status. This includes activities such as jetting off to remote destinations for dinner.

What Term Did Thorstein Veblen Use to Refer to the Behavior