Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “consumerism”

See all translations

consumerism

noun [U]
 
 
/kənˈsjuːmərɪzəm/
ECONOMICS a situation involving large amounts of goods being sold to individuals rather than businesses, especially when this is very important to an economy: State boundaries matter little in an age of global consumerism and investment. More and more people are convinced of the importance of ethical and green consumerism.
often disapproving the situation when too much attention is given to buying and owning things, often things that are not really necessary: Uncontrollable consumerism has become a watchword of our culture despite regular and compelling calls for its end. Bottled water very clearly reflects the wasteful and reckless consumerism in this country.
SOCIAL RESPONSIBILITY the protection of customers from dishonest business activities and advertising, from unsafe products, etc.: In a competitive market consumerism can be in the interest of sellers as well as buyers, if it is made into an effective selling point.
(Definition of consumerism from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of consumerism?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “consumerism”

Definitions of “consumerism” in other dictionaries

Word of the Day

luck out

to be very lucky

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More