__________________ coined the term conspicuous consumption, which refers to those of the upper class who use their wealth to demonstrate their status in society.

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Thorstein Veblen coined the term conspicuous consumption in his book "The Theory of the Leisure Class" in 1899. He argued that the wealthy engage in such consumption not for their intrinsic value, but in order to signal their status and wealth to others.

__________________ Coined the Term Conspicuous Consumption, Which Refers to Those