marking our place (or our desired place) in the social hierarchy by our choices in the music we listen to, the type of clothing we wear, or other lifestyle choices is called

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29-11-2022
Social Studies

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marking our place (or our desired place) in the social hierarchy by our choices in the music we listen to, the type of clothing we wear, or other lifestyle choices is called

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BhavikaKukreja BhavikaKukreja · Answer 1 · 2022-12-02T13:00:55-05:00

Marking our place (or our desired place) in the social hierarchy by our choices in the music we listen to, the type of clothing we wear, or other lifestyle choices is called: conspicuous consumption

The purchase of goods or services for the express purpose of displaying one's wealth is known as conspicuous consumption. Conspicuous consumption is a way to demonstrate one's social status, particularly when publicly displayed goods and services are out of reach for other members of one's class.
According to Veblen, the desire for peer recognition and higher social status is the primary motivator for conspicuous consumption. Other drivers of conspicuous consumption include social media, consumerism, and economic advancement, in addition to the desire for peer recognition and higher social status.
The term conspicuous consumption refers to the spending of money on and acquisition of luxury commodities (goods and services) as a public display of economic power—the buyer's income and accumulated wealth.

To know more about conspicuous consumption refer:

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