WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
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Urbanization
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Conspicuous Consumerism
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Mass Production
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Industrialization
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Detailed explanation-1: -Designer clothes, expensive jewellery, luxury cars, etc. are some of examples which comes under forms of conspicuous consumption.
Detailed explanation-2: -conspicuous consumption, term in economics that describes and explains the practice by consumers of using goods of a higher quality or in greater quantity than might be considered necessary in practical terms.
Detailed explanation-3: -Examples of conspicuous leisure include knowledge of dead languages, music, manners, proprieties of dress, games and sports, and fancy-bred animals.
Detailed explanation-4: -Conspicuous waste refers to the allocation of resources, time, and effort that detract from the life process. Veblen rejected the idea that the system of conspicuous waste benefits society. For Veblen, the standard of living refers to that level of consumption at which people are expected to consume.