Consumerism

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Consumerism is a popular name for the movement to help consumers solve their problems through collective action; an aspect of quality beyond mere technical specifications in which the expectations of the public are included.

Definition

According to Macroeconomics by Mankiw (7th edition),

Consumerism. A popular name for the movement to help consumers solve their problems through collective action; an aspect of quality beyond mere technical specifications in which the expectations of the public are included.