What is Consumerism

What is the basic definition of consumerism?

• The belief that people should save as much money as possible

• The idea that buying and consuming goods and services is important to personal well-being

• A movement to stop people from purchasing unnecessary items

• The study of how businesses create products

What is the term for when people buy things to show their social status?

• Responsible consumption

• Impulse buying

• Conspicuous consumption

• Economic sustainability

How do trends and social influences affect consumer behavior? (3:50)

• They have no effect on what people buy

• They encourage people to buy what is popular or in fashion

• They prevent businesses from creating new products

• They reduce the demand for luxury goods

What is one positive impact of consumerism discussed?