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Conspicuous Consumption

121 subscribers

3.7K views 5 years ago

Conspicuous Consumption in economics, is buying luxurious goods to enhance one's social wealth. In modern times, this form of consumption is growing massively as people are buying more and more of fancy stuff to impress others. In this video, we have explained the entire concept of Conspicuous Consumption.

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Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

0:32

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

0:46

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

1:23

Conspicuous Consumption

38Likes

3,788Views

2019Jul 18

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

0:32

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

0:46

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

1:23

The Side Hustle Crew

121 subscribers

Conspicuous Consumption

Key moments View all

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

The Side Hustle Crew

Conspicuous Consumption

Comments 1

Key moments

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

Description

Key moments View all

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

Conspicuous consumption originates from the want of people to feel superior in the eyes of their peers, society, friends etc.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

The goods of snob appeal are very similar (almost identical) to the inexpensive goods in the same category in terms of quality, characteristics and features.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

From the company's standpoint, it takes a massive branding exercise to make customers believe that the snob appeal product is superior.

The Side Hustle Crew

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Key moments

Key moments