Conspicuous Consumption

The purchase of goods or services for the specific purpose of displaying one's wealth. Conspicuous consumption is a means to show ones social status, especially when the goods and services publicly displayed are too expensive for other members of a person's class. This type of consumption is typically associated with the wealthy but can also apply to any economic class. The concept of consumerism stems from conspicuous consumption.

The term was coined by American economist and sociologist Thorstein Veblen in his 1889 book, "The Theory of the Leisure Class." This type of consumption was considered to be a product of the developing middle class during the 19th and 20th centuries. This group had a greater percentage of disposable income to spend on goods and services that were generally not considered to be necessary.

Investment dictionary. . 2012.

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  • conspicuous consumption — ➔ consumption * * * conspicuous consumption UK US noun [U] DISAPPROVING ► the practice of buying expensive goods in order to show people how rich you are: »The symbols of conspicuous consumption are the fur coats worn by the rich wives of the… …   Financial and business terms

  • conspicuous consumption — ☆ conspicuous consumption n. [coined by VEBLEN Thorstein (Bunde) in The Theory of the Leisure Class] showy extravagance in buying or using goods or services, meant to impress others with one s wealth, status, etc …   English World dictionary

  • Conspicuous consumption — Jewellery and other luxury goods are used for conspicuous and/or invidious consumption Conspicuous consumption is spending on goods and services acquired mainly for the purpose of displaying income or wealth. In the mind of a conspicuous consumer …   Wikipedia

  • conspicuous consumption — noun buying expensive services and products in order to flaunt your wealth • Hypernyms: ↑consumption, ↑economic consumption, ↑usance, ↑use, ↑use of goods and services * * * noun : lavish or wasteful spending regarded as establishing or enhancing… …   Useful english dictionary

  • conspicuous consumption — N UNCOUNT Conspicuous consumption means spending your money in such a way that other people can see how wealthy you are. It was an age of conspicuous consumption those who had money liked to display it …   English dictionary

  • conspicuous consumption — /kənˌspɪkjuəs kənˈsʌmpʃən/ (say kuhn.spikyoohuhs kuhn sumpshuhn) noun the consumption of material goods in a manner designed to parade one s wealth; gross consumption: *Largely perhaps because of social insecurity, homosexuals have long sought to …   Australian English dictionary

  • Conspicuous consumption — Geltungskonsum ist eine 1899 von Thorstein Veblen eingebrachte und auf seine „Theorie der feinen Leute“ (The Theory Of The Leisure Class) zurückgehende soziologische Bezeichnung für auffälliges, auf öffentliche Wirksamkeit zielendes,… …   Deutsch Wikipedia

  • conspicuous consumption — noun A public display of acquisition of possessions with the intention of gaining social prestige; excessive consumerism in order to flaunt ones purchasing power. Conspicuous consumption is a proof of economic success …   Wiktionary

  • conspicuous consumption — /kənˌspɪkjuəs kən sʌmpʃən/ noun the consumption of goods for show or to get approval, rather than because they are useful. Q consumption …   Marketing dictionary in english

  • conspicuous consumption — over consumption, over use, excess intake …   English contemporary dictionary

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