introduced the term "conspicuous consumption". People use the purchase of high-priced items to signal their wealth, their "status" and a number of other things. Here is a cartoon you can use when introducing the concept.
Tuesday, October 26, 2010
Another Example of Conspicuous Consumption
Thorstein Veblen's book The Theory of the Leisure Class introduced the term "conspicuous consumption". People use the purchase of high-priced items to signal their wealth, their "status" and a number of other things. Here is a cartoon you can use when introducing the concept.
introduced the term "conspicuous consumption". People use the purchase of high-priced items to signal their wealth, their "status" and a number of other things. Here is a cartoon you can use when introducing the concept.
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