consumerism


con·sum·er·ism

noun \kən-ˈsü-mə-ˌri-zəm, -mər-ˌi-\

: the belief that it is good for people to spend a lot of money on goods and services

: the actions of people who spend a lot of money on goods and services

Full Definition of CONSUMERISM

1
:  the promotion of the consumer's interests
2
:  the theory that an increasing consumption of goods is economically desirable; also :  a preoccupation with and an inclination toward the buying of consumer goods
con·sum·er·ist \-rist, -ist\ noun or adjective
con·sum·er·is·tic \kən-ˌsü-mə-ˈris-tik, -mər-ˈis-\ adjective

Examples of CONSUMERISM

  1. concerns about increasing consumerism among teenagers

First Known Use of CONSUMERISM

1944

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with CONSUMERISM

absenteeism, absolutism, abstractionism, adventurism, aestheticism, Afrocentrism, agnosticism, alcoholism, amateurism, anabaptism, anachronism, Anglicanism, animalism, antagonism, Arianism, astigmatism, athleticism, automatism, behaviorism, Big Brotherism, bilingualism, Bonapartism, cannibalism, capitalism, Cartesianism, Catholicism, charlatanism, collectivism, commercialism, communalism, Confucianism, conservatism, constructivism, corporatism, creationism, determinism, do-nothingism, eclecticism, ecotourism, ecumenism, egocentrism, empiricism, epicurism, eroticism, essentialism, ethnocentrism, evangelism, exoticism, expansionism, expressionism, Fabianism, factionalism, fanaticism, favoritism, federalism, Fenianism, feuilletonism, Fourierism, fraternalism, Freudianism, funambulism, functionalism, hermeticism, Hispanicism, historicism, hooliganism, illiberalism, illusionism, impressionism, infantilism, inflationism, initialism, insularism, irredentism, Jacobinism, Keynesianism, know-nothingism, lesbianism, liberalism, libertinism, literalism, Lutheranism, Lysenkoism, magic realism, malapropism, mercantilism, messianism, metabolism, metamorphism, militarism, minimalism, monasticism, monotheism, mutualism, naturalism, Naziritism, negativism, neologism, neo-Nazism, neorealism, nominalism, nonconformism, objectivism, obscurantism, obstructionism, opportunism, pacificism, parallelism, pastoralism, paternalism, patriotism, Peeping Tomism, perfectionism, photo-realism, plebeianism, polytheism, positivism, postmodernism, primitivism, progressivism, protectionism, Protestantism, provincialism, puritanism, radicalism, rationalism, recidivism, reductionism, regionalism, relativism, revisionism, revivalism, ritualism, romanticism, salvationism, sansculottism, scholasticism, sectionalism, secularism, separatism, serialism, Slavophilism, somnambulism, Stakhanovism, structuralism, subjectivism, teetotalism, theocentrism, triumphalism, Uncle Tomism, ventriloquism, vigilantism, workaholism

consumerism

noun    (Concise Encyclopedia)

Movement or policies aimed at regulating the products, services, methods, and standards of manufacturers, sellers, and advertisers in the interests of the buyer. Such regulation may be institutional, statutory, or embodied in a voluntary code accepted by a particular industry, or it may result more indirectly from the influence of consumer organizations. Governments often establish formal regulatory agencies to ensure consumer protection (in the U.S., e.g., the Federal Trade Commission and the Food and Drug Administration). Some of the earliest consumer-protection laws were created to prevent the sale of tainted food and harmful drugs. The U.S. consumer protection movement gained strength in the 1960s and '70s as consumer activists led by Ralph Nader lobbied for laws setting safety standards for automobiles, toys, and numerous household products. Consumer advocates have also won passage of laws obliging advertisers to represent their goods truthfully and preventing sales representatives from using deceptive sales tactics. Consumer advocacy is carried on worldwide by the International Organization of Consumers Unions (IOCU).

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