How is consumerism good for the economy?

I'll attempt to answer this question as concretely as possible: To understand why this is a good for a capitalist economy, let's imagine a number of people - say 100. read more

Yes, consumerism is good for the economy, in light of the fact that it makes more economic action. When somebody purchases a product, a business stays in business. That individuals need to purchase goods and administrations implies that the makers of those goods and administrations will have reliable work. read more

Amazing for the econemy. Consumerism helps the economy by supplying jobs, then will charge tax on the workers which will help repair roads, help the garbage programs. read more

Consumerism is the purchase of goods and services in large amount. In economics, it shows a set of policies which emphasises on the consumption. Consumerism is turning into a common feature of most world economies in the twenty first century. The economy’s growth is judged on the production and consumption of products. read more