Hope is desperate for the new designer purse that she saw while window shopping at her local mall. she knew every girl in school would covet her bag and wish to be like her. when she walked in, she whipped out her credit card, and purchased the $5,000 bag. this kind of purchasing is called: question 50 options: 1) conspicuous consumption 2) popular consumerism 3) designer consumerism 4) credit card consumerism

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Business

Addison Stout

18 February, 06:01

Hope is desperate for the new designer purse that she saw while window shopping at her local mall. she knew every girl in school would covet her bag and wish to be like her. when she walked in, she whipped out her credit card, and purchased the $5,000 bag. this kind of purchasing is called: question 50 options: 1) conspicuous consumption 2) popular consumerism 3) designer consumerism 4) credit card consumerism

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Franco Atkinson · Answer 1

The answer is number 1, conspicuous consumption. It is the acquisition of goods or services for the particular purpose of displaying one's wealth. Conspicuous consumption is a means to display one's social status, especially when the goods and services publicly displayed are too expensive for other members of a person's class. This kind of consumption is characteristically associated with the wealthy but can also relate to any economic class. The concept of consumerism stems from conspicuous consumption.