Can anyone tell? Meaning of snob effect, demonstration effect & Bandwagon effect?

Manya · 11 Jun 2024

Thanku so much @nishu

Nishu · 11 Jun 2024

Demonstration effect is like "dekha dekhi" a person is using a commodity because other people have that commodity. For ex - if your frnd buys iPhone then you would feel that maybe u need to get a iPhone too . In case of snob effect- snob means "ahh i want to be different than other people " for example when a commodity is being consumed by many people then few people will stop consuming it as they want to be different then others( it is a function of consumption). In case of bandwagon effect - it's like " bhed chal" if one thing is in trend then everyone will be consuming it as it's fashionable, for ex - joining gym . ( I hope this helps )