Recap: Factors Affecting Consumerism

Things people enjoy owning/using but are not necessary for survival.

• Needs

• Wants

• Consumer

• Services

Things required for survival or productivity.

• Wants

• Goods

• Needs

• Services

What is a consumer?

• Someone who buys goods and services

• Someone who sells goods and services

• Someone who owns a business

• Someone who works at a bank

What is Consumerism?

Many factors influence consumer spending, including how much money consumers have to spend. What are some factors that influence the decisions you make as a consumer? Explain.

Quality of life is...

• The standard of health, comfort, and happiness experienced by an individual or group.

• The amount of stuff a person or community can buy.

• The work and personal life balance.

• The measure of how skilled a person is.

All of the following are factors that affect consumer behaviours, except for....

• Identity

• Marketing

• Technology

• Health and Safety

In what ways does the government (legislation) affect the choices we make as consumers? Explain.

What advertising technique is being displayed in this image? How do you know?

What is the link between consumer spending and jobs?