lavishness vs dissipation

lavishness and dissipation both are nouns.

Word	Noun	Adjective	Verb	Adverb
lavishness	Yes	No	No	No
dissipation	Yes	No	No	No

As nouns, dissipation is a hypernym of lavishness; that is, dissipation is a word with a broader meaning than lavishness:

lavishness: the activity of excessive spending
dissipation: useless or profitless activity; using or expending or consuming thoughtlessly or carelessly

Other hypernyms of lavishness include waste, wastefulness.

lavishness (noun)	dissipation (noun)
the activity of excessive spending	dissolute indulgence in sensual pleasure
the quality possessed by something that is excessively expensive	useless or profitless activity; using or expending or consuming thoughtlessly or carelessly
	breaking up and scattering by dispersion