Answer:
Conspicuous consumption
Explanation:
Conspicuous consumption is a term used to describe expenditures on goods and services purchased primarily for the purpose of showing wealth. In the mind of the conspicuous consumer, such display serves as a means of having or maintaining social status before a social group, which socially determines objects and goods, such as a classification of higher or lower status. An example of this can be seen in the question above, where the girl bought a very expensive purse just to show that she possessed something luxurious and give an impression of wealth.
The correct answer would be, Psychological Factors.
Once at the store, he chooses the best looking and most expensive shoes the store carries. Henry's buying process is influenced most by Psychological factors.
Explanation:
Psychological factors are the mental factors that affect someone's thinking or behavior towards something.
The desire to look the best among all is not bad at all, but to look good, if someone tries to overburden himself, then it would just become a showoff. And showoff is no doubt a psychological factor. When a person does something just to showoff, then this is triggered by some mental disorder.
Henry wanted to look to good, so he bought the most expensive shoes from the store, which illustrated that his buying process was influenced by psychological factor.
Learn more about Psychological Disorders at:
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Answer:
Answer is Validity.
Explanation:
Validity can be described or explained by assertion of information.
Validity has important function, because it helps people to know that the information that was provided has value. This means that the information or statement provided is not false.
Thomas Cook and Dan Campbell also explain that the validity of an information can also be ascertained by providing and letting readers have access to the sources of references.
Answer:
Informal Economy
Explanation:
An informal economy is a segment of any society not taxed or controlled by some type of government. The concept is usually applied to self-employment in small unregistered enterprises.
Max spends most of his time in the house taking care of his children and his sister’s children in return his sister lends his family an extra apartment she has in her multifamily home. This situation is referred to as informal economy.
Believing one's original theory of the case despite evidence to the contrary is called: <span>belief perseverance.
</span>The term denotes the tendency people to maintain a belief despite new information that firmly contradicts it and <span>it appears that they shouldn't believe anymore. </span>