Many actors and actresses earn millions each year and display their wealth by living in upscale mansions and driving expensive vehicles. This is an example of:

Question

Quizplus · Accepted Answer

Conspicuous consumption refers to the display of wealth through the purchase of luxury goods and services, often to impress others or signal social status. The scenario described fits the definition of conspicuous consumption, as the actors and actresses are flaunting their wealth through their luxurious homes and vehicles. The other answer choices do not accurately describe the situation.

Many Actors and Actresses Earn Millions Each Year and Display