consumerism

English

Etymology

consumer +‎ -ism

Noun

Wikipedia consumerism (countable and uncountable; plural consumerisms)

1. A policy of protecting and informing consumers through honesty in advertising and packaging, improved safety standards etc
2. A materialistic attachment to possessions
3. An economic theory that increased consumption is beneficial to a nation's economy in the long run.

Related terms

• consumerist