conspicuous consumption

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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

conspicuous consumption

Showing off one’s material wealth. The term was coined by the American economist Thorstein Veblen in The Theory of the Leisure Class (1899), where he roundly criticized the well-to-do (leisure class) for preying on the rest of society and then flaunting their acquisitions. The term, always used as critically as by its author, has become a cliché.
See also: conspicuous
References in periodicals archive ?
For the study, the experts calculated the numbers of cancer cases attributable to alcohol consumption in each s3x based on cancer data from two population-based cancer registries (PBCRs) in Nigeria.
One method for gauging the speed of recoveries involves graphing and comparing normalized consumption series across several recessions.
The goal behind this manipulation in data, it seems, is to create the impression of higher per capita consumption rates of energy in the Kingdom.
Beginning with the 1990 recession, each recession took an additional quarter for nondurable goods consumption to fall below its peak.
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Under these circumstances, it is hard to believe that consumption can achieve a broad-based and sustainable rise.
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Per capita dried fruit consumption rose 9% in 2002 to 2.
Current dietary recommendations for added simple sugar consumption are 10% of total energy; thus, one can of regular pop per day is the maximum recommended intake for systemic health.
Those interested in ordering the complete 72-page report, which includes production, consumption and import-export trading statistics, can reach the CDA through e-mail at The-Copper-Page@cda.
We often desire goods not for the substantive benefits they confer but only for purposes of display and assertions of status - for what Veblen termed "conspicuous consumption.
Conspicuous consumption seems superficial, but may not be something we can so easily do without.