consumerismkənˈsu məˌrɪz əm
the theory that an increasing consumption of goods is economically beneficial
a movement advocating greater protection of the interests of consumers
A policy of protecting and informing consumers through honesty in advertising and packaging, improved safety standards etc
A materialistic attachment to possessions
An economic theory that increased consumption is beneficial to a nation's economy in the long run.
Consumerism is a social and economic order that encourages the purchase of goods and services in ever-greater amounts. Criticisms of consumption are already present in the works of Thorstein Veblen. Veblen's subject of examination, the newly emergent middle class arising at the turn of the twentieth century, comes to full fruition by the end of the twentieth century through the process of globalization. In this sense, consumerism is usually considered a part of media culture. The term "consumerism" has also been used to refer to something quite different called the consumerists movement, consumer protection or consumer activism, which seeks to protect and inform consumers by requiring such practices as honest packaging and advertising, product guarantees, and improved safety standards. In this sense it is a movement or a set of policies aimed at regulating the products, services, methods, and standards of manufacturers, sellers, and advertisers in the interests of the buyer. In economics, consumerism refers to economic policies placing emphasis on consumption. In an abstract sense, it is the consideration that the free choice of consumers should strongly orient the choice what is produced and how, therefore the economic organization of a society. Also this vote is not "one man, one voice", but "one dollar, one voice", which may or may not reflect the contribution of people to society.
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"consumerism." Kamus.net. STANDS4 LLC, 2024. Web. 28 Feb. 2024. <https://www.kamus.net/english/consumerism>.