Conspicuous consumption is primarily concerned with how individuals use their consumption choices to signal their social __________, thereby influencing how others perceive their social standings.

Conspicuous consumption is the idea that people buy expensive items not just for their practical use, but to show off their wealth and social status. When someone purchases a luxury car or designer clothing, they are often trying to communicate that they belong to a higher social class. This behavior can influence how others see them, as people might assume they are successful or important based on their possessions. For example, if a person frequently wears high-end brands, others may view them as wealthy, even if their financial situation is different. Thus, conspicuous consumption plays a big role in shaping social perceptions and relationships based on what people choose to buy.