Conspicuous consumption essay

1)What is conspicuous consumption? Explain to me in your own terms.

2)Is conspicuous consumption good? Or bad? What are your views on this?

Consider points you need in your essay:

3)-Credit card? Do you have a credit card? Why?

4)-Discount items at outlet. Have you ever shop in a store and pay not full price but disclose the price in full? If so, why?

5)-Counterfeits of luxury brands. Did you ever buy one? Why do you think there's a market out there for counterfeits?

*Write a 250 words minimum answer based on these 5 questions.