Question

What is meant by consumerism ? How does it affect sustainable development? ​

Answer 1

Explanation:

Consumerism is the theory that individuals who consume goods and services in large quantities will be better off. Some economists believe that consumer spending stimulates production and economic growth.

Answer 2

YOUR QUESTION

1. WHAT IS MEANT BY CONSUMERISM ?

2. HOW DOES IT AFFECT SUSTAINABLE DEVELOPEMENT ?

YOUR ANSWER

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 wellbeing and happiness depend fundamentally on obtaining consumer goods and material possessions.

2. Often, these considerations are intertwined. The over-consumption of the consumer class squanders natural resources on which poorer people directly depend, and creates pollution and health hazards that affect the poorest people most (see Topic POVERTY ALLEVIATION).