consumerism

/kənˈsumərɪzəm/
noun
  1. The belief that buying and owning many goods is good for the economy and a sign of success.
    • Some people criticize consumerism for encouraging waste and debt.
    • Her lifestyle rejects consumerism; she buys only what she truly needs.
    • The rise of consumerism in the 20th century led to more shopping malls and advertising.
  2. The protection of the rights and interests of buyers of goods and services.
    • Consumerism has led to laws that require companies to label ingredients clearly.
    • The organization promotes consumerism by educating people about their rights.
    • Thanks to consumerism, you can return a faulty product for a refund.
Antonyms
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