“Veblen’s theory being that the consumption of material goods is determined not by the inherent value of goods but by the social standing derived from their consumption.”
Top answer
Hi, People don't buy things because they are useful or good value. They buy them because they think owning them increases their social status. Clive
— Clive
Hi, People don't buy things because they are useful or good value.
They buy them because they think owning them increases their social status.
Clive
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