Which of the following sequences correctly represents the process of conspicuous consumption influencing social status?

Conspicuous consumption is when people buy expensive items not just for their usefulness but to show off their wealth and status. This behavior can create a social hierarchy, where those who spend more on luxury goods are seen as higher in social status. For example, if someone buys a designer handbag, they may be viewed as more fashionable or successful compared to someone with a regular bag. As more people notice and admire these luxury items, it reinforces the idea that wealth equals worth, pushing others to also engage in conspicuous consumption to improve their own social standing. This cycle continues, making it an important part of how society views class and status.