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Anonymous Posted 15 years ago
Essay & Composition Writing

What does this theory mean?

“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

  • 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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1 Answers
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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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