The phrase describes spending on luxury goods and services to publicly display wealth rather than to satisfy genuine needs. It remains a cornerstone concept in behavioural economics and sociology.
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What was the name of the digital cash system created by David Chaum in 1989, often considered the first attempt at electronic money?
π³ 29 votes
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π³ 26 votes
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π» Tech Β· 24 votes
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π³ 26 votes