Advertisements
Advertisements
Question
What is a ‘status symbol’?
Short Note
Solution
Max Weber, coined the term Status symbol’ to describe the relationship between the goods that people buy as per their social status, i.e., the goods they buy and use are closely related to their status in the society.
For example :- Brand of cell phones or model of cars is important markers of socioeconomic status.
shaalaa.com
Understanding Capitalism as a Social System
Is there an error in this question or solution?
