Consumerism

The theory that a country that consumes goods and services in large quantities will be better off economically. Consumerism for example, is an industrial society that is advanced, a large amount of goods is bought and sold.

Sometimes referred to as a policy that promotes greed, consumerism is also coined as a movement towards consumer protection that promotes improvement in safety standards and truthful packaging and advertisement. Consumerism seeks to enforce laws against unfair practices implement product guarantees.

Over-consumption is sometimes negatively attributed to consumerism. For instance some people might argue that Christmas holidays are a time of consumerism due to the large amounts of goods that are purchased during this time. Consumers strive to find the perfect gifts and this creates a demand for goods and promotes greed. Consumerism causes a materialistic belief that the more materials acquired the better, implying an increased value placed on material possessions.


Investment dictionary. . 2012.

Look at other dictionaries:

  • consumerism — con‧sum‧er‧ism [kənˈsjuːmərɪzm ǁ ˈsuː ] noun [uncountable] 1. ECONOMICS the idea or belief that buying things is very important for people: • Consumerism is the new religion, and department stores are important temples. 2. MARKETING the activity …   Financial and business terms

  • consumerism — Consumerism, both as the mass consumption of commercial goods and as an ideology of the Chinese economy, has significantly shaped the lives of the ordinary Chinese since the end of the 1970s. Since the end of the 1970s, ‘mass consumption’… …   Encyclopedia of Contemporary Chinese Culture

  • consumerism — consumerísm s. n. Trimis de siveco, 10.08.2004. Sursa: Dicţionar ortografic  CONSUMERÍSM s. n. mişcare de mase care îşi propune apărarea intereselor consumatorului faţă de abuzurile specifice societăţii de consum, precum şi îmbunătăţirea… …   Dicționar Român

  • consumerism — 1944, protection of the consumer s interest, from CONSUMER (Cf. consumer) + ISM (Cf. ism). Also, encouraging consumption as an economic policy (1960). Related: Consumerist (1965, n.; 1969, adj.) …   Etymology dictionary

  • consumerism — ► NOUN 1) the protection or promotion of the interests of consumers. 2) the preoccupation of society with the acquisition of goods. DERIVATIVES consumerist adjective & noun …   English terms dictionary

  • consumerism — [kən so͞o′məriz΄əm] n. 1. the practice and policies of protecting the consumer by publicizing defective and unsafe products, misleading business practices, etc. 2. the consumption of goods and services 3. a theory that a continual increase in the …   English World dictionary

  • Consumerism — Consumerist redirects here. For the blog of that name, see The Consumerist. An electronics store in a shopping mall in Jakarta. Part of a se …   Wikipedia

  • consumerism — [[t]kənsju͟ːmərɪzəm, AM su͟ː [/t]] 1) N UNCOUNT: oft supp N (disapproval) Consumerism is the belief that it is good to buy and use a lot of goods. They have clearly embraced Western consumerism. 2) N UNCOUNT Consumerism is the protection of the… …   English dictionary

  • consumerism — Mktg the influence of the general public, as end users of products and services, on the way companies manufacture and sell their goods. Consumers exert considerable power over companies as organizations become more customer focused. Demand is… …   The ultimate business dictionary

  • consumerism —    The past thirty years have witnessed a radical modification of Spain s consumer structure. The steady growth of per capita income since the 1950s has increased the consumption of products other than basics such as food or clothing. In addition …   Encyclopedia of contemporary Spanish culture

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