Thorstein Veblen Used the Term to Refer to the Purchase

question 35

Short Answer

Thorstein Veblen used the term to refer to the purchase of goods or services for the specific purpose of displaying one's wealth.

---

Definitions:

Groupthink

A behavioral pattern observed in groups where the need for consensus or compliance leads to unwise or ineffective decision-making results.

Lack Of Teamwork

The absence or deficiency of collaboration and cooperative effort among a group working towards common goals.

Dangerous Environment

A situation or setting that poses potential risks to physical, psychological, or well-being safety.

Interpersonal Distance

The physical or psychological space between individuals during interactions, influenced by cultural norms, personal preferences, and the nature of the relationship.