▶ Consumption- Credit Cards ◀

Consumption- Credit Cards

Consumption is people through the purchase money, tangible or intangible goods or services, and gains the satisfaction of personal desires. Human consumption perhaps comes from those activities (such as people walk past restaurants, provoking loss of appetite). Consumption or purchase involves very complex decision-making and it is all related to personal income, personal preferences, social customs, and even close friends and family of the purchase behavior of consumers have an impact on people. If purchased goods are expensive, but also driven consumers to make goods and comparisons between alternatives, to appear consumer behavior.



Thorstein B Veblen said in his book-The Theory of the Leisure Class-An Economic Study of Institutions, “ Conspicuous Consumption, Vicarious Consumption, Conspicuous Leisure, and Conspicuous Waste. It is amazing what a very large proportion of social activity, higher education, devout observance, and upper-class consumer goods seemed to fit snugly into one or another of these classification.”
The amount of people spending correlates to theirs income level; however, some people rather spend over what they can really afford to impress others. Do we have to do that?


▶ References ◀

☞ Thorstein B Veblen, The Theory of the Leisure Class-An Economic Study of Institutions, P.62 (2007)
☞ http://hk.news.yahoo.com/article/081217/4/9sd1.html
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