2. many actors and actresses earn millions each year and display their wealth by living in upscale mansions and driving expensive vehicles. what does their behavior exemplify?

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07-12-2022
Social Studies

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2. many actors and actresses earn millions each year and display their wealth by living in upscale mansions and driving expensive vehicles. what does their behavior exemplify?

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abhinavjh321 abhinavjh321 · Answer 1 · 2022-12-10T19:37:18-05:00

This type of behavior of actors and actresses exemplify conspicuous consumption.

Let us explain conspicuous consumption:

Conspicuous consumption is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly displayed products and services are too expensive for other people in a person's class, conspicuous consumption is a way to demonstrate one's social position.

The theory of conspicuous consumption explains how consumption plays a significant part in the expansion of commercial markets and the modern culture's preoccupation with material possessions.

Bollywood/Hollywood actors and actresses earn millions each year and display their wealth by living in upscale mansions and driving expensive vehicles. This totally shows their conspicuous consumption behavior.

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