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An economic and sociological concept coined by Josephine Pine II and James H. Gilmore in 1999. It refers to the idea that individuals will exhibit the tendency of spending an increasing amount of wealth to purchase what can be defined as “life experiences”. This desire is linked to the consumption of creative products and services, which will be increasingly tailored around the needs and tastes of the consumers. | An economic and sociological concept coined by Josephine Pine II and James H. Gilmore in 1999. It refers to the idea that individuals will exhibit the tendency of spending an increasing amount of wealth to purchase what can be defined as “life experiences”. This desire is linked to the consumption of creative products and services, which will be increasingly tailored around the needs and tastes of the consumers. | ||
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[[Category:The Cultural Diplomacy Dictionary]] | [[Category:The Cultural Diplomacy Dictionary]] | ||
