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| Name | What is Consumerism | Examples of Consumerism | Positive and Negative Impacts of Consumerism |
| Video Uploader | Video From COA Academy |
| Upload Date | This Video Uploaded At 23-05-2021 13:44:46 |
| Video Discription | What is Consumerism: Consumerism is the idea that increasing the consumption of goods and services is always a desirable goal and that a person's wellbeing and happiness depends fundamentally on obtaining more consumer goods and material possessions. Examples of Consumerism: - Buying a car for each of your kids when they can share - Going to private hospitals when state hospitals can do - Buying a bigger house when you can live in your smaller house - Buying a bigger and more luxurious car instead of an economical car Positive Impacts of Consumerism: - Increases economic output and creates jobs. - Leads to increases in wealth for companies. - Promotes competition between companies. - Allows for a large variety of goods and services. - Improves the quality of life for people. Negative Impacts of Consumerism: - Causes more pollution. - A major contributor to resource depletion. - Leads companies to develop low quality products. - Promotes poor labor standards and pay for workers. - Does not necessarily lead to increased happiness beyond a certain point. #consumerism #coaacademy |
| Category | Education |
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