Category
Microeconomics & Competition
Description
“The spending of money on and the acquiring of luxury goods and services to publicly display economic power.” (related: Veblen goods — “types of luxury goods, such as expensive wines, jewelry, fashion-designer handbags, and luxury cars, which are in demand because of the high prices asked for them.”)
Person
Resource Datasbase
Source
Gabriel Weinberg's Mental Models I Find Repeatedly Useful