The Eagerness to Show Wealth by the Purchase and Visible

question 21

Multiple Choice

The eagerness to show wealth by the purchase and visible ownership of goods is called ________.

• A) open economy
• B) pure capitalism
• C) conspicuous consumption
• D) manifest marketing

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Definitions:

Exchange

The act of trading goods, services, currencies, or other commodities between parties.

Self-interest

The pursuit of personal advantages and well-being, often guiding individual economic decisions.

Division of Labor

A method that breaks down the production of a product into a series of specific tasks, each performed by a different worker.

Specialization

The concentration of the productive efforts of individuals or organizations on a limited number of activities, leading to increased efficiency and productivity.