Consumerism refers to an economic ideology that promotes ever-increasing consumption of goods and services.
| Characteristics | |
|---|---|
| Arguments in favor of | Arguments opposing |
| It promotes consumption of goods and services. | |
| Consumer demand helps to support the production of goods and services. | Promoting consumption may result in excessive consumption and waste of resources. |
| It promotes continuous increase in consumption. | |
| Consumerism creates an avenue for continuous growth in economic activity. | The increased economic activity due to consumerism may come at the price of environmental damage. |