THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A society based upon the purchasing of products.
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An economic policy where people can own private property and can earn an unlimited amount of wealth.
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Absence of Government and structure.
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An agreement between you and the bank creating a loan for your home.
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Detailed explanation-1: -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 society. noun [ C ] ECONOMICS. a society in which people often buy new goods, and that places a high value on owning things: In a consumer society, there may be no better measure of how people feel than what they buy.
Detailed explanation-3: -The negative effects of consumerism include the depletion of natural resources and pollution of the Earth. The way the consumer society is working is not sustainable. We are currently overusing Earth’s natural resources with more than 70 percent.
Detailed explanation-4: -The major causes for the evolution of consumerism have been the continuous rise in prices, underperformance of product, quality of the service, Shortage of product and deceptive advertising.
Detailed explanation-5: -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.