Which concept did Thorsten Veblen come up with which refers to the outward displ

Question

Which concept did Thorsten Veblen come up with which refers to the outward display of consumption that demonstrates wealth and power through the wasting of resources and the symbols of upper-class membership? The suburban homes of the wealthy, for example, are endowed with excess. The houses themselves are huge (5,000 square feet or more) with many more rooms than are necessary to serve the immediate family.

Gentrification

Conspicuous consumption

Sprawling consumption

Oppositional culture

Gentrification

Conspicuous consumption

Sprawling consumption

Oppositional culture

Explanation / Answer

The concept that Thorsten Veblen comes up with which refers to the outward display of consumption that demonstrates wealth and power through the wasting of resources and the symbols of upper-class membership? The suburban homes of the wealthy, for example, are endowed with excess. The houses themselves are huge (5,000 square feet or more) with many more rooms that are necessary to serve the immediate family is;

B: Conspicuous consumption (which denotes the access to a wide variety of staples and luxuries)

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