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how does thoughtless consumption affect personal finances
It leads to unsustainable debt levels and contributes to financial crisis and recessions.
Are teenagers and children becoming consumerist early?
Yes. Due to social media and advertising encouraging purchasing behavior and consumption on the same level as adults
In what way does mass media and society affect teenage consumerism?
Mass media can target teenagers with information related to music, clothing, beauty etc. These mass media campaigns result in changes in teenage behaviors. Society affects teenage consumerism through peer pressure.
Is extreme consumerism an illness?
Yes, an obsession with acquiring materialistic goods isn't healthy.
What is a healthy economy?
An economy is healthy when there is aa healthy consumer demand, which is influenced by
-how confident consumers are In their country's as well as their own financial standing
-High volume of sales over a period
-prices consumers are willing to buy goods for.
What is globalization?
Production and consumption of globally traded goods and brands, which do not fit with local cultures and patterns of economic activity
What limits our free choice as consumers?
-social factors
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