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con·spicu·ous con·ˈsump·tion N

conspicuous consumption N MKT COMPET

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The western society also believes in conspicuous consumption as discussed by veblin and snob effects.
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According to this philosophy, conspicuous consumption occurs when people care about their standard of living in relation to their peers.
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Early bicycles were an example of conspicuous consumption, being adopted by the fashionable elites.
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Like other rising elites, they created forms of conspicuous consumption to signify their status.
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Dust suggests noise and cries, covers the objects of our conspicuous consumption that are remains of our industrial society.
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Expenditure cascades are triggered by consumption, especially conspicuous consumption.
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In the case of conspicuous consumption, taxes upon luxury goods diminish societal expenditures on high-status goods, by rendering them more expensive than non-positional goods.
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Some media commentators were taken aback by the online launch of a site supporting conspicuous consumption during the financial austerity of the late-2000s recession.
en.wikipedia.org
Conspicuous consumption serves as a display of economic and social status, and shopping centres are popular weekend hangouts.
en.wikipedia.org
Such conspicuous consumption manifested itself in dress, jewels, furniture and especially in the building of mansions and palaces.
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