An India of Conspicuous Consumption
P. S. Sarathy
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An India of Conspicuous Consumption

Low Income Consumer Decision Making

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The word coined conspicuous consumption has changed its meaning and its consumption value with the evolution of modern societies. In earlier days, conspicuous consumption meant ostentation of wealth, and this was a topic of discussion among wealthier people. But in today's world, not only the wealthier but also the low-income consumers use product symbolism for their social interaction. Thus, the components of conspicuous consumption vary today. With an increase in equality, "low-status" consumers get an opportunity to rise above to attain a higher social ranking. This process, in turn, entail...