Question

Thorsten Veblen documents how Select one: a. conspicuous consumption is an accurate measure of the total wealth of the individual. b. relative success can become an established end. c. self-esteem is not connected to high status. d. conspicuous leisure has no role in the social ranking of the individual.

Answer 1

Answer:

d. conspicuous leisure has no role in the social ranking of the individual.

Explanation:

Consumption is a remarkable term that was introduced in his 1899 book' The Theory of Leisure class' by the Norwegian-American economist and sociologist Thorstein Veblen. Instead of meeting the true needs of consumers, the term refers to consumers who purchase costly articles that demonstrate income and wealth.He was interested in economic, social and cultural relations. He examined the social structure and assumed that people were making purchases to show others their economic condition and achievements. Veblen criticized and questioned the rich's consumption habits.