![]() From Longman Business Dictionary conspicuous consumption conˌspicuous conˈsumption ECONOMICS when consumers buy expensive goods to impress people and show how rich they are Customers might view the purchase of a $300 bottle of wine as conspicuous consumption. They're young and poor and the patriarchal culture they inherit and the conspicuous consumption of their contemporaries sanctions their irresponsibility. ![]() Similarly, conspicuous consumption or display is now regarded as an acceptable form of behaviour.The creative ones turned their backs on conspicuous consumption and decided in favor of a simpler, personalized lifestyle.The emergence of stratified societies culminating in states increased conspicuous consumption of precious substances. Conspicuous consumption is exemplified by purchasing goods exclusively designed to serve as symbols of wealth, like luxury-brand labels on clothing, high-tech tools and toys, and vehicles.What better forum for conspicuous consumption than the locker-room or the golf club car-park?. ![]()
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