Consumerism

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.

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  • 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

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  • 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

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  • consumerism — /keuhn sooh meuh riz euhm/, n. 1. a modern movement for the protection of the consumer against useless, inferior, or dangerous products, misleading advertising, unfair pricing, etc. 2. the concept that an ever expanding consumption of goods is… …   Universalium

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