Definitions

1. noun

An economic system in which goods and services are produced and sold primarily for the purpose of making a profit, with an emphasis on meeting the needs and wants of consumers.

“The company’s focus on consumerism led to a significant increase in sales and profits.”

2. noun

A preoccupation with or excessive desire for material possessions and wealth.

“The social critique of modern society as a form of consumerism resonated with the audience.”

3. noun

A philosophy or attitude that values the satisfaction of one’s own desires and needs above other considerations.

“The cultural movement of the 1960s was seen as a reaction against the consumerism of the previous decade.”

4. noun

A social or economic system in which the production and consumption of goods and services are guided by the principle of individual self-interest.

“The economist argued that a more equitable society could be achieved by moving away from consumerism and towards a more socialist system.”

5. noun

A cultural or social phenomenon characterized by the widespread emphasis on material possessions, consumption, and wealth.

“The documentary explored the consequences of consumerism on the environment and society.”

6. noun

A system of production and consumption in which goods and services are produced and sold primarily for the purpose of making a profit, with an emphasis on meeting the needs and wants of consumers.

“The company’s focus on consumerism led to a significant increase in sales and profits.”