Sociology / Soc 0863 · Atom · ~20 seconds
Conspicuous Consumption
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Conspicuous consumption, Veblen's term, is spending undertaken to display social position rather than to satisfy a need.
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A purchase whose visible cost is the point performs the same work at every income level.
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The display is not confined to the wealthy; the scale changes and the mechanism does not.
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- Nothing yet depends on this.