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Conspicuous Consumption

Microeconomics

Conspicuous Consumption: Meaning, Reasons, Importance

Updated on April 13, 2022 · By Ahmad Nasrudin Tag: Conspicuous Consumption, Price Effect

Conspicuous Consumption Meaning Reasons Importance

What's it: Conspicuous consumption refers to consumption expenditure not to maximize basic utility but to give others an impression. Long story short, people buy products because they want to show off their wealth and social status. In

Tag: Conspicuous Consumption, Price Effect

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