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7 Cards in this Set
- Front
- Back
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how does thoughtless consumption affect personal finances |
It leads to unsustainable debt levels and contributes to financial crisis and recessions. |
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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 |
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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. |
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Is extreme consumerism an illness? |
Yes, an obsession with acquiring materialistic goods isn't healthy. |
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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. |
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What is globalization? |
Production and consumption of globally traded goods and brands, which do not fit with local cultures and patterns of economic activity |
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What limits our free choice as consumers? |
-social factors |
