Consumerism is the belief that the interests of consumers, rather than those of

Question

Consumerism is the belief that the interests of consumers, rather than those of producers, should dictate the economic structure of a society. It refers to the theory that consumption of goods at an ever-increasing rate is economically desirable and equates personal happiness with the purchase and consumption of material possessions.

China’s rise to dominance in manufacturing and world trade caused it to outpace the United States as a consumer. It now exceeds the United States in consumption of basic goods such as grain, meat, coal and steel. China also surpassed the United States in greenhouse gas emissions. Some fear China’s newfound consumerism will drive up global prices for goods, as well as speed up global warming, even as other nations take measures to stop it. Chinese consumers are pushing for more cars, appliances and technology like never before. With 1.3 billion consumers, this causes a major strain on the environment. China has taken some steps to curb its negative environmental impact, such as becoming the largest investor in wind turbines in the world. Although most of China’s energy needs are still produced by fossil fuels that cause its carbon dioxide emissions to increase, renewable energy is also growing.

India, with its 1.1 billion people, is following China and the West on the consumerist path. India has the world’s fastest-growing information technology market, creating skilled, high-wage jobs for software engineers, business process experts and call-center workers. The country is well-situated to weather global recessions because much of the country’s demand for goods is domestic. India has the second-largest domestic market for goods in the world. While this demand has fueled growth, it has also led to an enormous increase in greenhouse gas emissions. India suffers from some of the worst air quality in the world.

The ethics of these consumerism issues are many. Large emerging economics are the profit-making centers of the future. Most in business understand it is in the best interests of the firm that consumers need and desires are never completely or permanently fulfilled, so consumers can repeat the consumption process and buy more products. For examples, made-to-break or planned obsolescence, products are better for business since they keep consumers returning to buy more. It is also profitable to make products part of a continuously changing fashion market. Thus, items still in good condition and that last for many years are deemed in need of constant replacement to keep up with fashion trends. In this way, steady profits are assured- as well as waste. It is estimated that 1 percent of the global population has 50 percent of the wealth.

1. Answer the question "Does consumerism lead to happiness?" This is an ethical question and you MUST use an example (don't just give me definitions and verses from the book. Show what consumerism is and what this sentence means from a global ethical perspective). 150 words minimum

2. For each consumerism issue noted above, give an example. This could take some research but I want a direct example of each, not a general answer of what it is. SPECIFIC EXAMPLES will only be counted.

Don't copy from other websites and book. Maintain good grammar and sentence structure.

Explanation / Answer

SdAs you know what is the consumerism and its pros and cons

The biggest loss to enviornment how much damage it is giving to mother nature its not about where the consumerism leads you its about yourself how much you are connected to nature

Happiness lies within and where do you find it the most some people find it in nature some find it in social media some in gaming and the list and explanation for this is vey long.

Nowadays mostly everyone are thinking for their own not for what is around.

Every comsumer is being referred to god always because they (the producers) has to make business from them.

Every of your issue above can be exampled.

Main points are as follows-

As china is leading country in the world in terms of manufacturing.

Because of many reasons as they have very high population due to this illiterates are high which leads to unemployment leads to cheap labour in manufacturing that is the reason why they produce cheap products as compared to any other in the world.

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