Answer:
Extravagance typically refers to wasteful or excessive spending
Step-by-step:
Extravagance generally means wasteful or excessive spending, especially on luxuries. Some synonyms of extravagance are:
• Excess
• Lavishness
• Profusion
• Indulgence
• Profligacy
It has a somewhat negative connotation, implying that the spending is unnecessary or unreasonable. Extravagant behavior is seen as frivolous or wasteful.
Some examples of extravagance:
• Throwing an expensive, lavish party
• Buying too many luxury goods
• Spending unnecessarily on fine dining and hospitality
The key elements of extravagance are:
• The spending or behavior is wasteful or excessive
• It involves non-essential luxuries
• There is an element of indulgence, lack of restraint or moderation
So in summary, extravagance typically refers to wasteful or excessive spending, especially on luxuries and non-essentials, in a manner that is seen as unreasonable, unrestrained or indulgent. It implies that the spending or behavior goes beyond what is necessary or appropriate.
Hope this helps!