What are the effects of the consumerism?
Consumerism is appreciated in Western economies since a person’s standard of living is valued by his or her material possessions. There are certain positive effects such as: Positive Consumerism Effects: Primary positive consumerism effects are: • More industrial production. • A higher growth rate economy. • More goods and services available. • More advertising since goods manufactured have to be sold. • Increased production will result in more employment opportunities. • A variety of goods and services to choose from. • More comforts for a better living style. There are always certain pitfalls to a given situation in a society. Material prosperity may be there in consumerism but, it has its negative effects on the people and society at large. Negative Consumerism Effects: Top negative consumerism effects are: • Craving for goods is high. The wants and desires of the people increase. The better their income, the better their purchasing power. But in case, they are not able to do so, th
