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Conspicuous Consumption
A term coined by Thorstein Veblen, referring to the spending of money on luxury goods and services to publicly display economic power—the consumption for the sake of prestige or status rather than utility.
Reputability
Refers to the quality or state of being reputable, widely respected, and honored by others, often used in the context of individuals, organizations, or businesses.
Leisure
Time spent away from work and essential domestic activities, typically used for relaxation, recreation, or personal interests.
Economic Motives
The underlying reasons that guide individuals or entities to make decisions regarding the allocation of resources.
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