conspicuous consumption — the practice of purchasing goods or services to publicly display economic power rather than to cover basic needs
Part of speech: NOUN
Definition: the practice of purchasing goods or services to publicly display economic power rather than to cover basic needs
Pronunciation (IPA): /kənˈspɪkjuəs kənˈsʌmpʃən/
Korean meaning: 기본 필요를 충족하기 위해서가 아니라 경제적 능력을 과시하기 위해 상품이나 서비스를 구매하는 행위
Korean pronunciation: 컨**스피**큐어스 컨**썸프**션
Example Sentences
- The influencer's daily posts about designer handbags were a clear example of conspicuous consumption on social media.
- He bought a diamond-encrusted toilet seat - the ultimate form of conspicuous consumption that nobody would even see!
- The wedding featured conspicuous consumption with gold-plated everything and a cake that cost more than most people's cars.
conspicuous consumption
NOUN//kənˈspɪkjuəs kənˈsʌmpʃən//
the practice of purchasing goods or services to publicly display economic power rather than to cover basic needs
the practice of purchasing goods or services to publicly display economic power rather than to cover basic needs
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Conspicuous consumption based on assumption and presumption
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Start for Free🎤Pronunciation
🌳Etymology
Origin
1899년 경제학자 소스타인 베블런(Thorstein Veblen)이 저서 'The Theory of the Leisure Class'에서 처음 사용한 용어로, 사회적 지위를 과시하기 위한 소비 행태를 설명하기 위해 만들어졌다.
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Start for Free🎵Rhyme
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Start for Free📝Examples
“The influencer's daily posts about designer handbags were a clear example of conspicuous consumption on social media.”
“He bought a diamond-encrusted toilet seat - the ultimate form of conspicuous consumption that nobody would even see!”
“The wedding featured conspicuous consumption with gold-plated everything and a cake that cost more than most people's cars.”
“Many economists argue that conspicuous consumption contributes to growing wealth inequality in society.”
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