definition of consumerism
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Definitions &Translations Freebase(0.00 / 0 votes)Rate this definition: 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.
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consumer consumer. n. 1. (Economics) a person who acquires goods and services for his or her own personal needs. Compare producer 6. 2. a person or thing that consumes.
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Consumer Buyer Behaviour Definition 1 The definition formed by Solomon et al (1995) describes consumer buying behaviour as a process of choosing, purchasing, using and disposing of products or services by the individuals and groups in order to satisfy their needs and wants.oreover, the following popular definitions have been proposed for the term of consumer buyer behaviour: 1  According to Blackwell et al (2006) consumer buying behaviour is itself is a complex, dynamic issue which cannot be defined easily and commonly.
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Producer and Consumer Sovereignty Definition Consumer sovereignty. – the ability and freedom of consumers to choose from a range of different goods and services. It means that ultimately it is consumers who will decide what is produced and how scarce resources are allocated. Consumer sovereignty is an important concept for classical economics.
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- Materialism (adj. materialistic) is the excessive desire to acquire and consume material goods.
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Consumer capitalism Consumer capitalism is a theoretical economic and social political condition in which consumer demand is manipulated, in a deliberate and coordinated way, on a very large scale, through mass-marketing techniques, to the advantage of sellers.The theory is controversial.It suggests manipulation of consumer demand so potent that it has a coercive effect, amounts to a departure from free-market capitalism, and has an adverse effect on society in general. According to one source, the power of such 'manipulation' is not straight forward.ome use the phrase as shorthand for the broader idea that the interests of other non-business entities (governments, religions, the military, educational institutions) are intertwined with corporate business interests, and that those entities also participate in the management of social expectations through mass media.
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consumerism con·sum·er·ism. n. 1. The movement seeking to protect and inform consumers by requiring such practices as honest packaging and advertising, product guarantees, and improved safety standards. 2.
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Conspicuous consumption Conspicuous consumption: Conspicuous consumption, term in economics that describes and explains the practice by consumers of using goods of a higher quality or in greater quantity than might be considered necessary in practical terms. The American economist and sociologist Thorstein Veblen coined the term in his book The Theory of the Leisure Class (1899).
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Definitions &Translations Commercialism Commercialism is the application of both manufacturing and consumption towards personal usage, or the practices, methods, aims, and spirit of free enterprise geared toward generating profit.
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- |Student Financial Aid| > Frequently Asked Questions > Financial Aid FAQs. The following are some Frequently Asked Questions regarding Financial Aid at Carnegie Mellon. If you have a question that isn't answered here, contact The HUB at thehub@andrew.cmu.edu.
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- Define Consumer (biology). Consumer (biology) synonyms, Consumer (biology) pronunciation, Consumer (biology) translation, English dictionary definition of Consumer (biology). n. An organism that is dependent on complex organic substances for nutrition because it cannot synthesize its own food. het′er·o·troph′ic adj....
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- Protectionism definition, Economics. the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations. See more.
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- Protectionism definition, Economics. the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations. any program, policy, or system of laws that seeks to provide protection for property owners, wildlife, the environment, etc.
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Consumer capitalism It depends upon a new kind of individualism-projective individualism, where persons use consumer capitalism to project the kind of person who they want to be.ome use the phrase as shorthand for the broader idea that the interests of other non-business entities (governments, religions, the military, educational institutions) are intertwined with corporate business interests, and that those entities also participate in the management of social expectations through mass media.
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In defence of rampant consumerism Whether it be the desire for a flashy new iPhone or a time-share in Florida, an alliance of religious leaders and anti-growth egalitarians regularly line up to decry materialism, individualism, and, in the words John Sentamu, the Archbishop of York, rampant consumerism.
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Consumer Buyer Behaviour Definition Consumer buyer behaviour is considered to be an inseparable part of marketing and Kotler and Keller (2011) state that consumer buying behaviour is the study of the ways of buying and disposing of goods, services, ideas or experiences by the individuals, groups and organizations in order to satisfy their needs and wants.oreover, the following popular definitions have been proposed for the term of consumer buyer behaviour: 1  According to Blackwell et al (2006) consumer buying behaviour is itself is a complex, dynamic issue which cannot be defined easily and commonly.
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- Definition of CONSUMER SOVEREIGNTY. : the economic power exercised by the preferences of consumers in a free market. ADVERTISEMENT. This word doesn't usually appear in our free dictionary, but the definition from our premium Unabridged Dictionary is offered here on a limited basis.
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Consumerism Consumerism as a social and economic order and ideology encourages the acquisition of goods and services in ever-increasing amounts.ance Packard worked to change the meaning of the term consumerism from a positive word about consumer practices to a negative word meaning excessive materialism and waste. The ads for his 1960 book The Waste Makers prominently featured the word consumerism in a negative way.
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Definitions &Translations Wiktionary (4.50 / 2 votes) Rate this definition: consumer (Noun). One who, or that which, consumes. consumer (Noun). someone who trades money for goods as an individual. This new system favours the consumer over the producer.consumer (Noun). an organism that uses other organisms for food in order to gain energy.iktionary (4.50 / 2 votes) Rate this definition: consumer (Noun). One who, or that which, consumes. consumer (Noun). someone who trades money for goods as an individual. This new system favours the consumer over the producer.
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Americanism Definition of Americanism. 1  1 : a characteristic feature of American English especially as contrasted with British English. 2  2 : attachment or allegiance to the traditions, interests, or ideals of the U.S. 3  3a : a custom or trait peculiar to Americab : the political principles and practices essential to American culture.
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Consumer A consumer is  a person or organization that uses economic services or commodities. In economic systems consumers are utilities expressed in the decision to trade or not.
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consumer (kən-so͞o′mər) An organism that feeds on other organisms in a food chain. ♦ Herbivores that feed on green plants in a food chain are called primary consumers, and carnivores that feed on herbivores are , secondary consumers. Carnivores that feed on other carnivores are called , tertiary consumers. Compare producer.
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phthisis pulmonalis Consumption, in economics, the use of goods and services by households. Consumption is distinct from consumption expenditure, which is the purchase of goods and services for use by households.
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What is Consumer Law? Terms to Know. 1  Consumer Goods – Personal property purchased primarily by an individual for personal, family, or household uses. 2  Consumer Protection Laws – Laws designed to protect consumers against unfair trade and credit practices involving faulty and dangerous goods or dishonest claims or tactics.
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consumer The consumer, so it is said, is the king ... each is a voter who uses his money as votes to get the things done that he wants done [Paul A. Samuelson Economics] Every man is a consumer, and ought to be a producer ... He is by constitution expensive, and needs to be rich [Ralph Waldo Emerson Wealth]
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Definition of 'Consumer Surplus' Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them. Definition: Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium price.