Answer:
d. conspicuous leisure has no role in the social ranking of the individual.
Explanation:
Consumption is a remarkable term that was introduced in his 1899 book' The Theory of Leisure class' by the Norwegian-American economist and sociologist Thorstein Veblen. Instead of meeting the true needs of consumers, the term refers to consumers who purchase costly articles that demonstrate income and wealth.He was interested in economic, social and cultural relations. He examined the social structure and assumed that people were making purchases to show others their economic condition and achievements. Veblen criticized and questioned the rich's consumption habits.
