Question

CONSPICUOUS CONSUMPTION

Accepted Answer

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.

Front	CONSPICUOUS CONSUMPTION
Back	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.