The modern form of consumption is
A) conspicuous consumption.
B) epitomized by HDTV.
C) highly regulated.
D) consumerism.
E) heavily taxed.

Question

Quizplus · Accepted Answer

The modern form of consumption is often referred to as "consumerism", which is the preoccupation of society with the acquisition of goods and services. This type of consumption is not necessarily regulated, heavily taxed, or epitomized by any specific product such as HDTV. It can, however, involve conspicuous consumption, which is the spending of money on expensive goods and services as a way of displaying social status. However, since consumerism encompasses a broader range of behaviors than just conspicuous consumption, D is the best option.

The Modern Form of Consumption Is