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thorstein veblen claims that the tradition of giving presents, gifts and feasts was not just an expression of hospitality and friendliness but also had the

thorstein veblen claims that the tradition of giving presents, gifts and feasts was not just an expression of hospitality and friendliness but also had the economic function of displaying and so increasing the social status of the "gentlemen" who shared his wealth with others. What does Veblen call this phenomenon?

A. conspicucious consumption

B. Vicarious consumption

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