USA HISTORY

Detailed explanation-1: -What Is Consumerism? Consumerism is the idea that increasing the consumption of goods and services purchased in the market is always a desirable goal, and that a person’s well-being and happiness depend fundamentally on obtaining consumer goods and material possessions.

Detailed explanation-2: -Consumer materialism is a personal value that reflects the importance a consumer places on the acquisition and possession of material objects.

Detailed explanation-3: -consumerism, in economics, the theory that consumer spending, or spending by individuals on consumer goods and services, is the principal driver of economic growth and a central measure of the productive success of a capitalist economy.

Detailed explanation-4: -Consumerism is a cultural model that promotes the acquisition of goods, and especially the purchase of goods, as a vehicle for personal satisfaction and economic stimulation. Consumerism is often confused with capitalism but the latter is an economic system, while the former is a pervasive cultural attitude.