conspicuous consumption(redirected from consumption)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to consumption: conspicuous consumption, Autonomous consumption, Consumption function
Like this video? Subscribe to our free daily email and get a new idiom video every day!
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