conspicuous consumption

(noun) Buying, displaying, and consuming expensive luxury goods or services to flaunt one’s superior wealth and status in society.

Example: Veblen goods, which are products that are in demand primarily because of their high price and serve as status symbols. Examples of Veblen goods include designer handbags, jewelry, and luxury cars.

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Works Consulted

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How to Cite the Definition of Conspicuous Consumption

ASA – American Sociological Association (5th edition)

Bell, Kenton, ed. 2013. “conspicuous consumption.” In Open Education Sociology Dictionary. Retrieved December 16, 2018 (https://sociologydictionary.org/conspicuous-consumption/).

APA – American Psychological Association (6th edition)

conspicuous consumption. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/conspicuous-consumption/

Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)

Bell, Kenton, ed. 2013. “conspicuous consumption.” In Open Education Sociology Dictionary. Accessed December 16, 2018. https://sociologydictionary.org/conspicuous-consumption/.

MLA – Modern Language Association (7th edition)

“conspicuous consumption.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 16 Dec. 2018. <https://sociologydictionary.org/conspicuous-consumption/>.