consumerism

consumerism
Mktg
the influence of the general public, as end users of products and services, on the way companies manufacture and sell their goods. Consumers exert considerable power over companies as organizations become more customer-focused. Demand is rising for products that are high quality, ethically produced, well priced, and safe, and consumerism pressurizes companies to operate and produce goods and services in accordance with the public’s wishes. In fact, the aims of consumerism are not at odds with those of marketing (see marketing management), as both have the end goal of pleasing the consumer. In practice, however, marketing does not always succeed, and there is still a need for legislation to back up the right of consumers to demand products that are of good quality and for consumer protection bodies that influence the commercial world on consumers’ behalf. A particular form of consumer pressure, motivated by environmental concerns, is green consumerism, which campaigns for environmentally friendly goods, services, and means of production.

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  • consumerism — con‧sum‧er‧ism [kənˈsjuːmərɪzm ǁ ˈsuː ] noun [uncountable] 1. ECONOMICS the idea or belief that buying things is very important for people: • Consumerism is the new religion, and department stores are important temples. 2. MARKETING the activity …   Financial and business terms

  • consumerism — Consumerism, both as the mass consumption of commercial goods and as an ideology of the Chinese economy, has significantly shaped the lives of the ordinary Chinese since the end of the 1970s. Since the end of the 1970s, ‘mass consumption’… …   Encyclopedia of Contemporary Chinese Culture

  • consumerism — consumerísm s. n. Trimis de siveco, 10.08.2004. Sursa: Dicţionar ortografic  CONSUMERÍSM s. n. mişcare de mase care îşi propune apărarea intereselor consumatorului faţă de abuzurile specifice societăţii de consum, precum şi îmbunătăţirea… …   Dicționar Român

  • consumerism — 1944, protection of the consumer s interest, from CONSUMER (Cf. consumer) + ISM (Cf. ism). Also, encouraging consumption as an economic policy (1960). Related: Consumerist (1965, n.; 1969, adj.) …   Etymology dictionary

  • consumerism — ► NOUN 1) the protection or promotion of the interests of consumers. 2) the preoccupation of society with the acquisition of goods. DERIVATIVES consumerist adjective & noun …   English terms dictionary

  • consumerism — [kən so͞o′məriz΄əm] n. 1. the practice and policies of protecting the consumer by publicizing defective and unsafe products, misleading business practices, etc. 2. the consumption of goods and services 3. a theory that a continual increase in the …   English World dictionary

  • Consumerism — Consumerist redirects here. For the blog of that name, see The Consumerist. An electronics store in a shopping mall in Jakarta. Part of a se …   Wikipedia

  • Consumerism — The theory that a country that consumes goods and services in large quantities will be better off economically. Consumerism for example, is an industrial society that is advanced, a large amount of goods is bought and sold. Sometimes referred to… …   Investment dictionary

  • consumerism — [[t]kənsju͟ːmərɪzəm, AM su͟ː [/t]] 1) N UNCOUNT: oft supp N (disapproval) Consumerism is the belief that it is good to buy and use a lot of goods. They have clearly embraced Western consumerism. 2) N UNCOUNT Consumerism is the protection of the… …   English dictionary

  • consumerism —    The past thirty years have witnessed a radical modification of Spain s consumer structure. The steady growth of per capita income since the 1950s has increased the consumption of products other than basics such as food or clothing. In addition …   Encyclopedia of contemporary Spanish culture

  • consumerism — /keuhn sooh meuh riz euhm/, n. 1. a modern movement for the protection of the consumer against useless, inferior, or dangerous products, misleading advertising, unfair pricing, etc. 2. the concept that an ever expanding consumption of goods is… …   Universalium

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