SlideShare a Scribd company logo
1 of 11
Consumerism
Presented by:
PANUGANTI.MANASA
M.A. ECONOMICS
CONSUMER
A person who purchases goods and services for
personal use
CUSTOMER
A person who use to purchase goods and
services from a particular seller or
producer either to consume or for some
other consumer
CONSUMERISM:
Consumerism is a social force
designed to protect consumer
interest in the market place
by organizing consumer
pressure on business houses
Factors lead to consumerism:
Factors lead to consumerism:
Artificial demand
Factors lead to consumerism:
NO LINK
Consumer groups in India
1. CGSI – Consumer Group Society of India
2. MGP – Mumbai Grahak Panchayat
3. CUTS – Consumer Unity and Trust Society
4. VOICE – Voluntary Organization in the Interest of
Consumer Education
5. CGSI – Consumer Guidance Society of India
Rights of consumers
1. Right to be Informed
2. Right to Safety
3. Freedom of choice
4. Right to Consumer Education
5. Right to claim against seller
6. Right to secure ecological balance and pollution-free environment
Advantages of consumerism
1. Consumer Education
2. Improved Standard of Living
3. inculcate social responsibility
4. More jobs
5. Low cost of living
6. improved product research and development
7. Complete information to consumer
8. Implementation of Consumer protection laws
Disadvantages of consumerism
1. Low quality Products
2. Increasing Inequalities
3. Moral implications
4. Environmental imbalances
5. Poor work environments and terms
CONCLUSION:
A new era started in the world of
business through the consumerism.
Today, we the consumers are able to
communicate and give feedback
directly to the producers or can
complain against them only because of
consumerism.

More Related Content

What's hot

Module 1 - Consumer Behaviour
Module 1 - Consumer BehaviourModule 1 - Consumer Behaviour
Module 1 - Consumer Behaviourshubhadaraop
 
Consumer decision making process.
Consumer decision making process.Consumer decision making process.
Consumer decision making process.amathulmubeen
 
What are customer value satisfaction and loyalty and how can companies delive...
What are customer value satisfaction and loyalty and how can companies delive...What are customer value satisfaction and loyalty and how can companies delive...
What are customer value satisfaction and loyalty and how can companies delive...Sameer Mathur
 
How do consumer characteristics influence buying behavior?
How do consumer characteristics influence buying behavior?How do consumer characteristics influence buying behavior?
How do consumer characteristics influence buying behavior?Sameer Mathur
 
Consumer Decision Making Process
Consumer Decision Making ProcessConsumer Decision Making Process
Consumer Decision Making Processunnati shah
 
What makes up a marketing intelligence system
What makes up a marketing intelligence systemWhat makes up a marketing intelligence system
What makes up a marketing intelligence systemSameer Mathur
 
Consumer's equilibrium
Consumer's equilibriumConsumer's equilibrium
Consumer's equilibriumAmiteshYadav7
 
Consumerism
ConsumerismConsumerism
ConsumerismGiga B
 
Consumerism in India (Consumer Protection Act-1986)
Consumerism in India (Consumer Protection Act-1986)Consumerism in India (Consumer Protection Act-1986)
Consumerism in India (Consumer Protection Act-1986)R V Institute of Management
 
Societal marketing concept
Societal marketing conceptSocietal marketing concept
Societal marketing conceptANUJ YADAV
 
Product Life Cycle And Pricing
Product Life Cycle And PricingProduct Life Cycle And Pricing
Product Life Cycle And Pricingsyed_shahzad786
 
Models of consumer behaviour
Models of consumer behaviourModels of consumer behaviour
Models of consumer behaviourVikram g b
 
Presentation on consumer behaviour and marketing strategy
Presentation on consumer behaviour and marketing strategyPresentation on consumer behaviour and marketing strategy
Presentation on consumer behaviour and marketing strategyKARISHMA KUMARI
 

What's hot (20)

Module 1 - Consumer Behaviour
Module 1 - Consumer BehaviourModule 1 - Consumer Behaviour
Module 1 - Consumer Behaviour
 
Consumerism 1
Consumerism 1Consumerism 1
Consumerism 1
 
consumerism
consumerismconsumerism
consumerism
 
Consumer decision making process.
Consumer decision making process.Consumer decision making process.
Consumer decision making process.
 
Demand analysis
Demand analysisDemand analysis
Demand analysis
 
What are customer value satisfaction and loyalty and how can companies delive...
What are customer value satisfaction and loyalty and how can companies delive...What are customer value satisfaction and loyalty and how can companies delive...
What are customer value satisfaction and loyalty and how can companies delive...
 
How do consumer characteristics influence buying behavior?
How do consumer characteristics influence buying behavior?How do consumer characteristics influence buying behavior?
How do consumer characteristics influence buying behavior?
 
Consumer Decision Making Process
Consumer Decision Making ProcessConsumer Decision Making Process
Consumer Decision Making Process
 
Consumer and consumerism
Consumer and consumerismConsumer and consumerism
Consumer and consumerism
 
What makes up a marketing intelligence system
What makes up a marketing intelligence systemWhat makes up a marketing intelligence system
What makes up a marketing intelligence system
 
Consumer Learning
Consumer LearningConsumer Learning
Consumer Learning
 
Consumer's equilibrium
Consumer's equilibriumConsumer's equilibrium
Consumer's equilibrium
 
Consumerism
ConsumerismConsumerism
Consumerism
 
Consumerism in India (Consumer Protection Act-1986)
Consumerism in India (Consumer Protection Act-1986)Consumerism in India (Consumer Protection Act-1986)
Consumerism in India (Consumer Protection Act-1986)
 
Societal marketing concept
Societal marketing conceptSocietal marketing concept
Societal marketing concept
 
Product Life Cycle And Pricing
Product Life Cycle And PricingProduct Life Cycle And Pricing
Product Life Cycle And Pricing
 
Models of consumer behaviour
Models of consumer behaviourModels of consumer behaviour
Models of consumer behaviour
 
Consumerism.ppt
Consumerism.pptConsumerism.ppt
Consumerism.ppt
 
Presentation on consumer behaviour and marketing strategy
Presentation on consumer behaviour and marketing strategyPresentation on consumer behaviour and marketing strategy
Presentation on consumer behaviour and marketing strategy
 
Marketing Environment
Marketing EnvironmentMarketing Environment
Marketing Environment
 

Similar to Consumerism: Protecting Consumer Interests in the Marketplace

Consumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhavi
Consumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhaviConsumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhavi
Consumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhaviPROF. PUTTU GURU PRASAD
 
Lesson-2-Values-of-Consumer-Education+-MARITES (2).docx
Lesson-2-Values-of-Consumer-Education+-MARITES (2).docxLesson-2-Values-of-Consumer-Education+-MARITES (2).docx
Lesson-2-Values-of-Consumer-Education+-MARITES (2).docxMaritesFlorentino
 
Consumerrights 150117232222-conversion-gate02
Consumerrights 150117232222-conversion-gate02Consumerrights 150117232222-conversion-gate02
Consumerrights 150117232222-conversion-gate02JAY SHARMA
 
consumerrights-150117232222-conversion-gate02.pdf
consumerrights-150117232222-conversion-gate02.pdfconsumerrights-150117232222-conversion-gate02.pdf
consumerrights-150117232222-conversion-gate02.pdfAravSingh24
 
A Study on Buying Behavior of Indian Consumers: A Dynamic View
A Study on Buying Behavior of Indian Consumers: A Dynamic ViewA Study on Buying Behavior of Indian Consumers: A Dynamic View
A Study on Buying Behavior of Indian Consumers: A Dynamic ViewRHIMRJ Journal
 
Legal presentation
Legal presentationLegal presentation
Legal presentationVIT-MMS
 
Consumer awareness class 10th PPT
Consumer awareness class 10th PPTConsumer awareness class 10th PPT
Consumer awareness class 10th PPTChaitanyaSingh36
 
The Role of a Boy Scouts in Consumerism
The Role of a  Boy Scouts in Consumerism The Role of a  Boy Scouts in Consumerism
The Role of a Boy Scouts in Consumerism Monte Christo
 
Consumerism in india
Consumerism in indiaConsumerism in india
Consumerism in indiaTeacher
 
Commercialization in healthcare
Commercialization in healthcareCommercialization in healthcare
Commercialization in healthcareCepal & Co.
 

Similar to Consumerism: Protecting Consumer Interests in the Marketplace (20)

Consumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhavi
Consumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhaviConsumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhavi
Consumer protection-act-2019.-pgp VIVA VVIT , KLE Society NagarBhavi
 
Consumer-Awareness.pdf
Consumer-Awareness.pdfConsumer-Awareness.pdf
Consumer-Awareness.pdf
 
Lesson-2-Values-of-Consumer-Education+-MARITES (2).docx
Lesson-2-Values-of-Consumer-Education+-MARITES (2).docxLesson-2-Values-of-Consumer-Education+-MARITES (2).docx
Lesson-2-Values-of-Consumer-Education+-MARITES (2).docx
 
Social Marketing
Social MarketingSocial Marketing
Social Marketing
 
Consumerrights 150117232222-conversion-gate02
Consumerrights 150117232222-conversion-gate02Consumerrights 150117232222-conversion-gate02
Consumerrights 150117232222-conversion-gate02
 
Consumer rights
Consumer rightsConsumer rights
Consumer rights
 
consumerrights-150117232222-conversion-gate02.pdf
consumerrights-150117232222-conversion-gate02.pdfconsumerrights-150117232222-conversion-gate02.pdf
consumerrights-150117232222-conversion-gate02.pdf
 
Consumer right
Consumer right Consumer right
Consumer right
 
A Study on Buying Behavior of Indian Consumers: A Dynamic View
A Study on Buying Behavior of Indian Consumers: A Dynamic ViewA Study on Buying Behavior of Indian Consumers: A Dynamic View
A Study on Buying Behavior of Indian Consumers: A Dynamic View
 
Sustainable cosumption and lifestyles
Sustainable cosumption and lifestylesSustainable cosumption and lifestyles
Sustainable cosumption and lifestyles
 
F0412037044
F0412037044F0412037044
F0412037044
 
Legal presentation
Legal presentationLegal presentation
Legal presentation
 
Consumer awareness class 10th PPT
Consumer awareness class 10th PPTConsumer awareness class 10th PPT
Consumer awareness class 10th PPT
 
consumerism.pptx
consumerism.pptxconsumerism.pptx
consumerism.pptx
 
The Role of a Boy Scouts in Consumerism
The Role of a  Boy Scouts in Consumerism The Role of a  Boy Scouts in Consumerism
The Role of a Boy Scouts in Consumerism
 
Consumerism in india
Consumerism in indiaConsumerism in india
Consumerism in india
 
Consumer Awareness
Consumer AwarenessConsumer Awareness
Consumer Awareness
 
Commercialization in healthcare
Commercialization in healthcareCommercialization in healthcare
Commercialization in healthcare
 
Consumer rights
Consumer rightsConsumer rights
Consumer rights
 
Consumer rights
Consumer rightsConsumer rights
Consumer rights
 

More from Manasa Panuganti

More from Manasa Panuganti (7)

importance of Economics and economists
importance of Economics and economistsimportance of Economics and economists
importance of Economics and economists
 
Cashless india
Cashless indiaCashless india
Cashless india
 
Globalization in india
Globalization in indiaGlobalization in india
Globalization in india
 
Jyotiba phule
Jyotiba phuleJyotiba phule
Jyotiba phule
 
Presentation of economics on oligopoly
Presentation of economics on oligopolyPresentation of economics on oligopoly
Presentation of economics on oligopoly
 
Ppt on Top Bird sanctuaries in india
Ppt on Top Bird sanctuaries in indiaPpt on Top Bird sanctuaries in india
Ppt on Top Bird sanctuaries in india
 
MOHAMMAD BIN TUGHLUQ
MOHAMMAD BIN TUGHLUQMOHAMMAD BIN TUGHLUQ
MOHAMMAD BIN TUGHLUQ
 

Recently uploaded

NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...Amil baba
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Sonam Pathan
 
Liquidity Decisions in Financial management
Liquidity Decisions in Financial managementLiquidity Decisions in Financial management
Liquidity Decisions in Financial managementshrutisingh143670
 
(中央兰开夏大学毕业证学位证成绩单-案例)
(中央兰开夏大学毕业证学位证成绩单-案例)(中央兰开夏大学毕业证学位证成绩单-案例)
(中央兰开夏大学毕业证学位证成绩单-案例)twfkn8xj
 
1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改
1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改
1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改yuu sss
 
NCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxNCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxnaikparas90
 
Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxANTHONYAKINYOSOYE1
 
cost of capital questions financial management
cost of capital questions financial managementcost of capital questions financial management
cost of capital questions financial managementtanmayarora23
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证rjrjkk
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfMichael Silva
 
Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]Commonwealth
 
The Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance LeaderThe Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance LeaderArianna Varetto
 
Financial Preparation for Millennia.pptx
Financial Preparation for Millennia.pptxFinancial Preparation for Millennia.pptx
Financial Preparation for Millennia.pptxsimon978302
 
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree 毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree ttt fff
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Sonam Pathan
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxNarayaniTripathi2
 
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfmagnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfHenry Tapper
 
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.pptAnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.pptPriyankaSharma89719
 
2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGecko2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGeckoCoinGecko
 

Recently uploaded (20)

NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713
 
Liquidity Decisions in Financial management
Liquidity Decisions in Financial managementLiquidity Decisions in Financial management
Liquidity Decisions in Financial management
 
(中央兰开夏大学毕业证学位证成绩单-案例)
(中央兰开夏大学毕业证学位证成绩单-案例)(中央兰开夏大学毕业证学位证成绩单-案例)
(中央兰开夏大学毕业证学位证成绩单-案例)
 
1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改
1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改
1:1原版定制美国加州大学河滨分校毕业证成绩单pdf电子版制作修改
 
NCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxNCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptx
 
Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptx
 
cost of capital questions financial management
cost of capital questions financial managementcost of capital questions financial management
cost of capital questions financial management
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results Presentation
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdf
 
Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]
 
The Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance LeaderThe Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance Leader
 
Financial Preparation for Millennia.pptx
Financial Preparation for Millennia.pptxFinancial Preparation for Millennia.pptx
Financial Preparation for Millennia.pptx
 
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree 毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptx
 
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfmagnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
 
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.pptAnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
 
2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGecko2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGecko
 

Consumerism: Protecting Consumer Interests in the Marketplace

  • 2. CONSUMER A person who purchases goods and services for personal use CUSTOMER A person who use to purchase goods and services from a particular seller or producer either to consume or for some other consumer
  • 3. CONSUMERISM: Consumerism is a social force designed to protect consumer interest in the market place by organizing consumer pressure on business houses
  • 4. Factors lead to consumerism:
  • 5. Factors lead to consumerism: Artificial demand
  • 6. Factors lead to consumerism: NO LINK
  • 7. Consumer groups in India 1. CGSI – Consumer Group Society of India 2. MGP – Mumbai Grahak Panchayat 3. CUTS – Consumer Unity and Trust Society 4. VOICE – Voluntary Organization in the Interest of Consumer Education 5. CGSI – Consumer Guidance Society of India
  • 8. Rights of consumers 1. Right to be Informed 2. Right to Safety 3. Freedom of choice 4. Right to Consumer Education 5. Right to claim against seller 6. Right to secure ecological balance and pollution-free environment
  • 9. Advantages of consumerism 1. Consumer Education 2. Improved Standard of Living 3. inculcate social responsibility 4. More jobs 5. Low cost of living 6. improved product research and development 7. Complete information to consumer 8. Implementation of Consumer protection laws
  • 10. Disadvantages of consumerism 1. Low quality Products 2. Increasing Inequalities 3. Moral implications 4. Environmental imbalances 5. Poor work environments and terms
  • 11. CONCLUSION: A new era started in the world of business through the consumerism. Today, we the consumers are able to communicate and give feedback directly to the producers or can complain against them only because of consumerism.