Only the aristocratic elite could flaunt their wealth early in the game. Therefore, purchasing such items is largely intended to generate discussion about its acquisition and the fact that the owner could afford such a great purchase.
However, there are significantly less expensive variants of the same gadget available. It may be argued that making such a purchase provides confidence that the user would own the best possible product. It gives rise to the concept of consumerism.
As a result, this group had a higher percentage of disposable income to spend on items and services that were not typically considered required. Thorstein Veblen, an American economist and sociologist created the phrase in his book " The Theory of the Leisure Class", published in 1889.ĭuring the 19th and 20th centuries, this style of consumerism was seen as a result of the growing middle class. Wearing fur coats and driving luxury cars are examples of conspicuous consumption. However, it may be applied to persons of any economic level. This spending pattern is commonly associated with the wealthy. It is a technique to show off one's social status, especially when the publicly displayed goods and services are out of reach for other members of one's class. The buying of goods or services to demonstrate one's affluence to the public, in general, is known as conspicuous consumption.
0 kommentar(er)
