These luxury brands usually have the same software and hardware as other brands like Apple and Samsung, but what set them apart is their exterior castings. For instance, although there are many high-end smartphones manufacturers in the world, some luxury brands like Lamborghini, Porsche, and Bentley have created their own smartphones. Thus, the concept of consumerism actually stems from conspicuous consumption.Įxclusive luxury designs that serve as symbols of status are examples of conspicuous consumption. According to Veblen, this term expounds the psychological mechanics of a consumer society and the increase in the goods and services that people consider necessary for their lives in a developed economy. The term conspicuous consumption was termed by the American sociologist and economist Thorstein Veblen in 1889. Although we usually associate the concept of conspicuous consumption with wealthy people, it can be seen in any economic class. Conspicuous consumption is a way to showcase one’s wealth and status, especially when the goods and services displayed are too expensive for others to afford. – Comparison of Key Differences Key TermsĬonspicuous Consumption, Conspicuous Leisure, Leisure Class, Thorstein Veblen What is Conspicuous ConsumptionĬonspicuous consumption is the practice of purchasing goods or services to display wealth publicly, rather than to cover basic needs. What is the Difference Between Conspicuous Consumption and Conspicuous Leisure What are the Similarities Between Discrimination and OppressionĤ. Both these concepts explain how elite members of the society show their superior position, wealth and status by an expenditure of effort, time, and money, and showcase their disdain of productive work. The main difference between conspicuous consumption and conspicuous leisure is that conspicuous consumption involves the practice of purchasing goods or services to display wealth publicly, but conspicuous leisure involves behaviours pursued during nonwork time for the sake of displaying wealth and status.Ĭonspicuous consumption and conspicuous leisure are two terms coined by the American sociologist and economist Thorstein Veblen.
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