conspicuous consumption - Meaning in Punjabi
conspicuous consumption - Meaning in Punjabi
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Definitions and Meaning of conspicuous consumption in English
conspicuous consumption noun
- buying expensive services and products in order to flaunt your wealth
Description
In sociology and in economics, the term conspicuous consumption describes and explains the consumer practice of buying and using goods of a higher quality, price, or in greater quantity than practical. In 1899, the sociologist Thorstein Veblen coined the term conspicuous consumption to explain the spending of money on and the acquiring of luxury commodities specifically as a public display of economic power—the income and the accumulated wealth—of the buyer. To the conspicuous consumer, the public display of discretionary income is an economic means of either attaining or of maintaining a given social status.
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What is conspicuous consumption meaning in Punjabi?
The word or phrase conspicuous consumption refers to buying expensive services and products in order to flaunt your wealth. See conspicuous consumption meaning in Punjabi, conspicuous consumption definition, translation and meaning of conspicuous consumption in Punjabi. Learn and practice the pronunciation of conspicuous consumption. Find the answer of what is the meaning of conspicuous consumption in Punjabi.
Other languages: conspicuous consumption meaning in Hindi
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What is conspicuous consumption meaning in Punjabi, conspicuous consumption translation in Punjabi, conspicuous consumption definition, pronunciations and examples of conspicuous consumption in Punjabi.
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