Question

Name two causes of consumerism.

Answer 1

protection against malpractices of the sellers.

Answer 2

Answer:

The two main causes of consumerism is:

• Bad performance of the goods and
• High prices.

Explanation:

A consumer is a person who buys something or takes services from some MNC. Consumerism started with an aim to make the companies more responsible towards their consumers.

The companies also produce reliable products for the consumers. Many times when MNC’s are trying to cost cut, they start producing sub-standard products.

The companies also raise the price of the product when the product is liked by many people. Many times we pay 10-20% more than the actual cost. This way companies earn their profits.