Question

Q. Three benefits a labourer benefits from conspicuous consumption in the market. * I already posted...

Q. Three benefits a labourer benefits from conspicuous consumption in the market.

* I already posted this question but They answered the benefit the labourer get from practicing conspicuous consumption. I need to know the benefit they get when there is conspicuous consumption in the market. Like when consumers are doing conspicuous consumption.

Homework Answers

Answer #1

Conspicuous consumption means to spend consciously to showcase ones wealth or social status in the society. Example of conspicuous consumer goods are designer wear, luxury cars, exclusive houses..etc.. A labourer is beneficial when conspicuous consumption takes place in the market as exclusive items on which extra labour is put are also in demand. Like a special brand of designer wear which is an exclusive creation of a labourer or an art work which is unique. Here the benefit for the labourer is his creative work, the extra charge for his Labour work and an increase demand for the product from the creamy class of the society which uplifts the labourers as labour forced working is dependent more than machineries for exclusive products. Skill labourers are always in demand and they are retained to keep the industry moving.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The answers that’s already posted is not correct so i need a new one, please There...
The answers that’s already posted is not correct so i need a new one, please There used to be a toll of 50 cents on both the inbound and outbound tunnels leading to Logan airport. They were replaced by a $1 on the inbound side and no toll on the outbound lane. Assume that vehicles cause almost no wear and tear to the tunnels as they pass through. a. Show that if collection costs are trivial, it is preferable from...
I posted this question before, but I still want some more ideas for this prompt (no...
I posted this question before, but I still want some more ideas for this prompt (no offense if you answered already I’m just little indecisive.) Assignment Research and write a recommendation report that compares two or more things. Address a topic or issue of your major field of study. I’m a freshman at college working on my mechanical engineering degree. I must get a specific topic and do a comparison to see what’s better. On student is doing electric vs...
The market demand (MPB) and supply (MPC) for vaccinations ( Q) are given by the following...
The market demand (MPB) and supply (MPC) for vaccinations ( Q) are given by the following expressions: MPB ( Q ) = 12 − 1/4 Q MPC ( Q ) = 1/4 Q Assume no externalities arise from the production of the private good. The consumption of the private good does result in a positive externality in the form of health benefits. Assume that the health benefits are directly proportional to the amount of consumed. The total external benefit from...
Someone posted from a discussion question..... Respond to the posted Economics has a big impact on...
Someone posted from a discussion question..... Respond to the posted Economics has a big impact on one's daily life. It affects the job you have, the wage you earn, the taxes you pay, the groceries and necessities you buy and the luxuries you may want. One big way it affects daily life is something we have all experienced with the pandemic, the supply chain. I had never given it much thought before Covid. If I wanted something, I would go...
I already have the answers. I just need to know how to get them Questions 34...
I already have the answers. I just need to know how to get them Questions 34 – 35: Residential Development A new residential development is being considered in a suburban district of a city. The question which the city planning committee would like to be answered is how big this residential development should be. They want to commission a survey of 400 people living in that district to know what they think. The district is quite cosmopolitan and it is...
I am having some trouble visualizing this present value question and have already put it on...
I am having some trouble visualizing this present value question and have already put it on a timeline, but it's still not clear. I think I may be making it more complex than it really is, but here is the question and then I will explain why I am having problems. At an annual interest rate of 6%, which would you prefer - three annual year-end cash flows of $250 each with the first cash flow one year from today...
Use the results from the problem above. The market for product Q has many identical firms,...
Use the results from the problem above. The market for product Q has many identical firms, each having the short-run total cost function: STC(q) = 400 + 5q + q2, where q is the firm’s annual output. We also know that the market-level demand and supply curves are given as: Market demand: QD = 262.5 – 0.5P, Market supply: QS = – 30 + 6P, where Q is the market level quantity and P is the unit price of Q...
THIS QUESTION IS ALREADY POSTED, BUT I WOULD LIKE A DIFFERENT ANSWER PLEASE, Thank you! Your...
THIS QUESTION IS ALREADY POSTED, BUT I WOULD LIKE A DIFFERENT ANSWER PLEASE, Thank you! Your CPA firm has been contracted by the state to serve as the internal audit function for The Commission on Workforce Development. The Commission was established several years ago by the state legislature to “increase the job skills of individuals receiving public assistance and help them to obtain employment to be able to support themselves and their dependents.” To accomplish this objective, the Commission enters...
Recently, I've posted a question that goes as follows Two firms are involved in Bertrand competition....
Recently, I've posted a question that goes as follows Two firms are involved in Bertrand competition. The marginal cost for firm 1 and 2 are mc1=1 and mc2=0. As usual, the consumers purchase only from the firm with a lower price. If p1=p2, then each firm will sell to 50% of the consumers. Find any two Nash Equilibria of the game. And explain why they are Nash Equilibria. And the answer that I got went like this To find the...
I did already posted this question before, I did get the answer but i am not...
I did already posted this question before, I did get the answer but i am not satisfied with the answer i did the code as a solution not the description as my solution, so i am reposting this question again. Please send me the code as my solution not the description In this project, build a simple Unix shell. The shell is the heart of the command-line interface, and thus is central to the Unix/C programming environment. Mastering use of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT