CONSUMERISM

Consumerism

Consumerism is a social and economic order that encourages the purchase of goods and services in ever-greater amounts. Early criticisms of consumerism are 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,

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consumerism

Noun

  1. A policy of protecting and informing consumers through honesty in advertising and packaging, improved safety standards etc
  2. A materialistic attachment to possessions
  3. An economic theory that increased consumption is beneficial to a nation's economy in the long run.


The above text is a snippet from Wiktionary: consumerism
and as such is available under the Creative Commons Attribution/Share-Alike License.

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