According to Thorstein Veblen, a business or company going bankrupt is the analogous process to the idea of ______ in the natural (biological) world

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22-02-2022
Business

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According to Thorstein Veblen, a business or company going bankrupt is the analogous process to the idea of ______ in the natural (biological) world

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-02-23T10:12:10+01:00

A business or company that is going bankrupt is due to the concept of conspicuous consumption.

What is bankruptcy?

Bankruptcy simply means a legal proceeding when a person is unable to pay the outstanding debts.

According to Thorstein Veblen, a business or company going bankrupt is the analogous process to the idea of conspicuous consumption in the natural world.

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