<P> Conspicuous consumption is the spending of money on and the acquiring of luxury goods and services to publicly display economic power -- of the income or of the accumulated wealth of the buyer . To the conspicuous consumer , such a public display of discretionary economic power is a means of either attaining or maintaining a given social status . </P>
<P> Conspicuous consumption is the spending of money on and the acquiring of luxury goods and services to publicly display economic power -- of the income or of the accumulated wealth of the buyer . To the conspicuous consumer , such a public display of discretionary economic power is a means of either attaining or maintaining a given social status . </P>
the display of wealth for social prestige is called
the display of wealth for social prestige is called
Conspicuous consumption
Conspicuous consumption