Q:

What are some examples of conspicuous consumption?

A:

Quick Answer

Examples of conspicuous consumption include wearing expensive fur coats and driving very expensive cars. Spending thousands of dollars to stay in a nice hotel is also an example of conspicuous consumption.

Continue Reading

Full Answer

Conspicuous consumption occurs when a consumer spends more money on something than he should. For example, when someone is out shopping for a car and chooses the expensive sports car over the economy car, just because he can, it is considered conspicuous consumption.

Many people are guilty of conspicuous consumption. It brings with it a certain amount of attention and makes people think an individual is affluent, perhaps even when he isn't.

Learn more about Economics
Sources:

Related Questions

Explore