Asked by Lionel Banks on Sep 29, 2024
A showy display of wealth for social prestige is called:
A) conspicuous consumption
B) sumptuary reciprocity
C) trickle-down redistribution
D) potlatch reciprocity
Conspicuous Consumption
A showy display of wealth for social prestige.
Trickle-Down Redistribution
An economic theory suggesting that benefits provided to the wealthy or upper economic classes will eventually "trickle down" to benefit poorer members of society.
Potlatch Reciprocity
A ceremonial feast practiced among indigenous peoples of the Pacific Northwest Coast of America, characterized by the generous giving of gifts which reciprocally establish or reinforce social status.
- Acquire an understanding of how social standing and leadership are affected by practices of economic distribution.
Learning Objectives
- Acquire an understanding of how social standing and leadership are affected by practices of economic distribution.
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