Topic

Engagement in Conspicuous Consumption

Instructions

Veblen stated that everyone engages in “conspicuous consumption” to some extent. Here are some “just for fun” questions:

In what way do you engage in “conspicuous consumption”?

Can you give an example of someone you know and how they engage in “conspicuous consumption”?

Answer preview

Conspicuous consumption has been evident in the modern society based on how people spend their income. I have happened to suffer from conspicuous consumption on several occasion especially when purchasing wrist watches. I am madly in love with designer watches especially Rolex brand. Despite the collection I have, I never get to be satisfied by a single watch and I can buy two at ago. Their prices are often high but I rarely consider that consequently I feel relieved after buying one.

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