According to Max Weber, the goods that people buy and use, are closely related to their status in society, is termed as ______.

Status Symbol

The correct answer is Option 1: Status Symbol

One of sociology’s founders, Max Weber, was among the first to point out that the goods that people buy and use are closely related to their status in society. He coined the term 'status symbol' to describe this relationship. For example, among the middle class in India today, the brand of cell phone or the model of car that one owns are important markers of socio-economic status. Weber also wrote about how classes and status groups are differentiated on the basis of their lifestyles