Articles of prestige value used by rich people as status symbol for increasing their social prestige and/or for displaying wealth is known as:
CA Foundation · Business Economics · PYQS · May 2026
Articles of prestige value used by rich people as status symbol for increasing their social prestige and/or for displaying wealth is known as:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Conspicuous goods
Topics: Theory of Demand and Supply
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