In what way consumption pattern is related to status symbol?

Consumption is an important feature of the capitalist society. Consumption is important both economically and also have symbolic meaning to it. Social distinctions are created and communicated through consumption pattern. The different ways by which consumption pattern is related to the status symbol are as follows:

• People buy or purchase such products which convey about their socio-economic status or cultural preferences.

• Companies also sell their products or commodities by making symbols of status or culture more attractive to the people.Φορεξαμπλεâτηεηοαρδινγοραδϖερτισεμεντσοντελεϖισιονισχρεατεδτοαττραχττηεχυστομερστοβυψτηατπαρτιχυλαρπροδυχτ.