conspicuous consumption


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conspicuous consumption

n.
The acquisition or display of expensive items to attract attention to one's wealth or to suggest that one is wealthy.

conspicuous consumption

n
spending in a lavish or ostentatious way, esp to impress others with one's wealth

conspic′uous consump′tion


n.
public enjoyment of costly possessions, flaunting one's ability to pay for such things.
[used by T. Veblen in The Theory of the Leisure Class (1899)]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.conspicuous consumption - buying expensive services and products in order to flaunt your wealth
economic consumption, use of goods and services, usance, consumption, use - (economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
Translations

conspicuous consumption

nPrestigekäufe pl
References in periodicals archive ?
Checchi drew some criticism in the category of conspicuous consumption.
As a result, he said, retailers shouldn't expect to see the kind of year-to-year increases they saw in the 1980s, when conspicuous consumption was the order of the day.
Luxury vehicles are also considered as a status symbol for conspicuous consumption.
Instead of obsessing about the budget deficit, which never was a problem for international money markets, we should be concerned about the balance of payments deficit, as imports are fast outstripping exports due to the conspicuous consumption of the richest 1% beneficiaries of Mr Osborne's tax cuts.
What used to be a short period of celebration or commemoration has morphed into a month-long marathon of conspicuous consumption.
Put another way, to him, conspicuous consumption was nothing more than spending more money on goods than they are worth.
Asked by New York magazine about how "people seem excited by the criticism of conspicuous consumption in 'Royals'" and what inspired her to write the song, Lorde explained, "I've always listened to a lot of rap.
It might seem irrational that each year Americans spend over 250 billion dollars on women's luxury products with an average woman acquiring three new handbags a year, but conspicuous consumption is actually smart for women who want to protect their relationship," Griskevicius said.
IN these days of conspicuous consumption while the world faces a resource deficit on every front, Delhi Chief Minister Sheila Dikshit has found a one- stop answer to many of our problems, especially skyrocketing power bills.
I find the teachings of Buddha and Christ more attractive than conspicuous consumption and so I resolved to give some of it back.
New coverage also includes consideration of bullying, the new concept of "emerging adulthood," the Hawthorne effect, Veblen's concept of conspicuous consumption, and the influence of global outsourcing.
Keywords: bragging rights, destination choice, leisure tourism, conspicuous consumption status consumption, cool consumption