Trends in consumption pattern essay

But if we do get through all that, " We will have the unique opportunity to learn first-hand from the most hi-tech, research data-backed, psychological

Trends in consumption pattern essay

This paper traces the roots of modern American conspicuous consumption and offers an explanation as to the underlying motive driving this unique consumption behavior.

Further, it analyzes marketing's response to conspicuous consumption in both affluent and post-affluent societies. The desire to conspicuously consume dates back to tribal times when men possessed women and slaves as trophies of their status Vablen Since that time, although the players and what is consumed have changed, the game of ostentatious ownership has remained essentially the same, with the winners being awarded status, prestige and honor.

Early in the game, only the aristocratic elite could play. Yet as societies became industrialized, players of achieved wealth, or the nouveau rich, followed by those of moderate and even negligible success entered the game.

Some argue that flagrant consumptive behavior is the unfortunate result of capitalism VeblenMarx GalbraithToynbeeStanfield and Stanfieldwhile others note that material ownership helps us to define who we are GoffmanBelkSolomonMcCrackenLevy McCracken notes that "conspicuous and competitive consumption are especially important to the study of the history of consumption because they play such an important role in the growth of a consumer society' p.

Further, he suggests that by studying overt displays of wealth both between and within social groups, we may better understand what has propelled Western societies headlong into their present Trends in consumption pattern essay with material possessions.

The purpose of this paper is to demonstrate how modern American conspicuous consumption has developed through time and over societies. First, three theories of conspicuous consumption are briefly reviewed.

Then, a periodization scheme is used to explain and compare traditional, achieving, affluent Mason and post-affluent societies as they relate to conspicuous consumption. Finally, an analysis of marketing's response to conspicuous consumption along with discussion of some more recent explanations of this unique consumption behavior are incorporated in this presentation.

The earliest of which was put forth by Thorstein Veblen in his book The Theory of the Leisure Class, first published in According to Veblenthe strength of one's reputation is in direct relationship to the amount of money possessed and displayed; i.

He theorizes that "pecuniary strength" confers not only "invidious distinction', but also honor, prestige, and esteem within the community.

To Veblen, lavish spending was "symptomatic of the superfluous life-style of the rich. Wearing diamond-studded jewelry and overindulging in luxurious foods and alcohol Above all, as Veblen notes, the objects of conspicuous consumption must be wasteful, or possess no useful value, in order to reflect credibly on one's reputationpp.

Modernized Vablen's work, Duesenberry developed his own theory which he labeled the "demonstration" or 'bandwagon' effect. In essence, this effect is an attempt to "keep up with the Joneses" in order to preserve one's self-esteem McCormick A reverse theory of the bandwagon effect, also expressive of modern day consumptive behavior, is the 'snob" effect Mason, This theory states that people preoccupied with social status reject products that are perceived to be possessed by the common populace.

Thus, the 'snob" consumer seeks to purchase products which have limited availability.

Trends in consumption pattern essay

This type of exclusive consumption guarantees a measure of social prestige Masonp. Combined, the Veblen, bandwagon and snob effects offer a skeletal picture of how conspicuous consumption has moved from the extremes of being an exclusive "invidious distinction' behavior Veblenp.

Federal Court of Appeals Decisions

Between these extremes, various other schoiars have offered insights on buyer motivation to consume, further shedding light on conspicuous consumption behavior.

Galbraithfor example, agrees with Veblen that people behave ostentatiously to achieve status recognition, but attempts to bring Veblen's theory up-to-date. Specifically, he states that 'simple forthright display is now out of fashion and is often referred to as vulgar; required instead is a showing of what may be called obtrusive good taste.

That, unlike the conspicuous consumption of earlier times, requires a certain measure of artistic and even intellectual effort'p. Likewise, Marx, while espousing social motivations to conspicuously consume, explains such behavior is the result of "commodity fetishism' whereby goods are erroneously believed to possess prestige value and hence confer respect, authority, and deference to those who acquire such objects of status Marx Other explanations offering insights as to why people behave pretentiously include: In addition to highlighting various social reasons driving conspicuous consumption behavior, it should also be noted that there are those scholars who believe that social factors have nothing to do with such behavior.

Instead they propose that personality or innate human desires drive such displays. Marshallfor example, theorized that the desire to conspicuously consume comes with us from the cradle and never leaves us till we go the grave ".

Further, he notes that this desire is "the most powerful of human passions"p. Similarly, Rae believed that it was a human innate desire to be self-indulgent in order to express vanity. He stated that if 'consumption is not conspicuous it is incapable of gratifying this passion" of vanity p.

In the following sections of this analysis, the methodology and limitations to the study are respectively discussed.

Then, many of the theoretical explanations of conspicuous consumption just noted will be evaluated as they apply to traditional, achieving, affluent, and postaffluent societies.

Again, the purpose of analyzing each societal period is to exemplify how conspicuously consumptive behavior has changed over time and through societies. It involves the collection, analysis, and synthesis of data.This paper will discuss the consumption trend analysis of food and how it reflects to the growing population in the United States.

Consumption Trend Patterns Consumption is defined as the value of goods and services bought by people. Disclaimer: This work has been submitted by a student. This is not an example of the work written by our professional academic writers. You can view samples of our professional work here..

Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UK Essays.

To truly understand trends in consumption patterns, one must first understand the basic principles of economics. Economics is the science that deals with the production, distribution, and consumption of goods and services (economics, n.d.).

History is a good place to look for answers.

Update, September 2006

Five devastating slumps—starting with America’s first crash, in , and ending with the world’s biggest, in —highlight two big trends in.

The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.

Trends in consumption pattern essay

The oh-so-Instagrammable food movement has been thoroughly debunked – but it shows no signs of going away. The real question is why we were so desperate to believe it.

Trends in Consumption Patterns Essays