Consumerism It is an economic and social system that understands the economy and focuses on the production of products and services, to constantly supply consumer demand.
It is generally used to determine economic policies that promote consumption and incentivize the purchase of products and services that are placed above the basic needs of individuals.
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This system comprises positive and negative consequences of consumerism like the following.
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In this article you will find:
Positive consequences of consumerism
1. Leads to creativity and innovation
People always looking to buy new and better products or services, to favor their living standards and that is why companies must strive to constantly innovate.
2. Increase in the economy
Consumerism helps increase the economic system when buyers constantly spend large amounts of money, therefore, growth in production and a higher level of consumption are created.
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Negative consequences of consumerism
3. Environmental problems
The strong demand for products has a negative influence on natural resources, since the excessive use of energy, water, chemicals and other raw materials, disadvantage the environment.
4. Lifestyles
Many people seek to purchase luxury products that generate comfort, to maintain a high standard of living instead of focusing on simplicity.
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5. Moral deterioration
Strong consumerism allows values to be degraded and leads to competition and materialism. This is because the consumersthey tend to buy products they don't need to be on the same level or be above the same to others.
6. Desire to purchase expensive products
The higher the income, the greater the purchasing power, which increases the desire to obtain expensive products and not being able to create a feeling of dissatisfaction.
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7. Increase in debts
This system achieves increase consumer debt levelsMany people borrow only to buy expensive products, indicating that short-term loans are not being handled constructively today.
8. High family expenses
By immersing oneself in consumerism, expenses increase unnecessarily, due to the fact that products are bought for getting carried away by advertising and not seeing if it offers enough quality to last long term.
9. Emotional problems
This trend can increase debts causing stress and frustration. Limited income is often emotionally draining, as work effort must be much stronger or go into debt with loans to purchase desired products that ultimately create false satisfaction.
10. Decrease in biodiversity
In general, industries and tourist buildings are built distant from the areas urban areas, however, can affect natural areas, which could be a threat against nature.
The consequences of consumerism are more negative than positive, even when this system manages to increase the economy, this is because it can generate a series of inconveniences such as Emotional problems, assume unnecessary debt and environmental degradation. If you want to know more about this topic, we invite you to see our website.
Sources and references:
- Scott M. (2017, April) What You Need To Know About Consumerism
Amitabh S. (2021, May) The Effects of Consumerism
