Today's Consumerism

Definition

Today's consumerism refers to the modern culture that emphasizes the acquisition and consumption of goods and services as a way to satisfy desires, establish social status, and fulfill personal needs. It is driven by advertising, technological advancements, and globalized markets.

Related terms

E-commerce: The buying and selling of goods or services over the internet through online platforms such as Amazon, eBay, or Shopify.

Fast Fashion: A business model that focuses on quickly producing inexpensive clothing inspired by current fashion trends, often resulting in environmental consequences due to high turnover rates.

Sustainability: A concept that promotes responsible consumption and production practices aiming for long-term environmental preservation while meeting present needs without compromising future generations' ability to meet their own needs.