Status symbol
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A status symbol is a perceived visible, external denotation of one's social position and perceived indicator of economic or social status. Many luxury goods are often considered status symbols. Status symbol is also a sociological term – as part of social and sociological symbolic interactionism – relating to how individuals and groups interact and interpret various cultural symbols.
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See also
- Badge of shame
- Conspicuous consumption
- Narcissistic supply
- Positional good
- Social stratification
- Veblen good
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