1, conspicuous consumption has a strong pulling effect on production. Conspicuous consumption can also be called conspicuous consumption, cosmetic consumption and conspicuous consumption. The rich always show their status by buying some expensive luxuries or splurging. To satisfy the consumption desire of these rich people, it is necessary to produce expensive luxury goods and create conditions and environment for them to spend crazily.

2. conspicuous consumption is conducive to starting the market and stimulating consumption. The expansion of consumer demand will inevitably bring huge business opportunities, and conspicuous consumption is one of the biggest highlights. Shanghai's top private goods mainly display top cars, yachts, private jets, jewelry watches, famous wines, various luxury villas, golf clubs and private clubs. According to statistics, the top private goods exhibition received more than 7,000 rich people in three days, with a turnover of 200 million yuan.

3, conspicuous consumption can increase national tax revenue, adjust the ratio of savings and consumption, and balance the income gap. Conspicuous consumption can upgrade and expand related industries. High-end consumption is also taxed according to law, which plays a certain role in stimulating economic growth and increasing national tax revenue. Moreover, conspicuous consumption can slow down the accumulation of monetary wealth of the relatively rich class, and also provide more opportunities for the poor class and migrant workers to make money, thus balancing the income gap.