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Conspicuous consumption good (view source)
Revision as of 06:49, July 13, 2016
, 06:49, July 13, 2016→top: clean up & uniformity
A '''conspicuous consumption good''' is affected by socially-created forces, where its consumption decreases with a decrease in [[price]]. An example would be any high-end designer product where a large component of its value, lies in the "luxury factor" which is tied to price. It is hypothesized that if a [[consumer]] was able to purchase a conspicuous consumption good at a decreased price, without anyone else knowing, the conspicuous consumption effect would be negated.
A '''conspicuous consumption good''' is affected by socially-created forces, where its consumption decreases with a decrease in [[price]]. An example would be any high-end designer product where a large component of its value, lies in the "luxury factor" which is tied to price. It is hypothesized that if a [[consumer]] was able to purchase a conspicuous consumption good at a decreased price, without anyone else knowing, the conspicuous consumption effect would be negated.
[[Category: Economics]]
[[Category:Economics]]