conspicuous consumption

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Related to consumption: conspicuous consumption, Autonomous consumption, Consumption function
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conspicuous consumption

The lavish expenditure of money or acquisition of expensive items as a public display of one's wealth or financial success. In rapidly developing economies, conspicuous consumption becomes more and more prevalent as a means for those who have done well to flaunt their new economic status.
See also: conspicuous
References in classic literature ?
I found that the youth spent a great part of each day in collecting wood for the family fire, and during the night I often took his tools, the use of which I quickly discovered, and brought home firing sufficient for the consumption of several days.
Only then he realised what those poor little orphan children and that pitiful half-crazy Katerina Ivanovna, knocking her head against the wall in her consumption, meant for Sonia.
She is mad and in consumption, she'll soon die and the children?
2, Total Urea Consumption of Sugar Cane per Unit Area by Province in China (2002-2007) 120
In the following article, Professor Paul McDaniel identifies the major issues that need to be considered as the United States contemplates whether to move from an income tax system to a tax regime that taxes consumption only.
Ironically, high consumption may be a mixed blessing in human terms too.
The increased affluence has led to a shift in consumption pattern from carbohydrate-based to a protein-based diet, thus augmenting the demand for meat and meat products.
Between 1987 and 1999, salmon consumption increased annually at a rate of 14% in the European Union and 23% in the United States (Charron 1999).
The essays deal with imported tobacco as against native tobaccos consumed by the Aborigines of Australia; tobacco consumption by natives in Papua-New Guinea; alcohol and the slave trade in west Africa and the fur trade in New France and English North America; the consumption of rum and marijuana by workers in the Trinidad sugar industry; alcohol consumption and labor in Namibia and Botswana; coca in Bolivia; and caffeine found in a variety of products including coffee, tea, and chocolate.
The TAPPI Water Removal Committee has developed a new Technical Information Paper (TIP) 0404-63, "Paper machine energy conservation," that provides practical guidelines for reducing energy consumption.
remained the leader in overall rubber consumption with 2.
What is the likelihood of Congress replacing the current system with a consumption tax system?
Table 11: Global Steel Consumption (2013 & 2020P): Percentage
Individual country analysis (selective countries) of the Nectars market, including full consumption values for 2011 and forecasts until 2017.