What are the pros and cons of Consumerism?

Answer 1

Advantages (to the customer) :-

Multiple shops in one place - much more convenient.

Better parking facilities (normally)

Ability to shop around for prices more easily

More competition

Potential for lower prices given the number of customers - economies of scale

Usually bigger stores with wider range of products

Larger stores have better facilities (eg better changing rooms)

Disadvantages (to the customer) :-

Prices can be inflated as people are prepared to pay for convenience.

Price fixing - easy for similar companies to check each others prices and both keep high prices.

Usually busy - some people don't like fighting for their personal space.

Niche shops are usually not available in large retail parks.

Doesn't benefit local trade (some high street shops will) - tends to be big corporate wholesalers

Answer 2

Consumerism can be a motivating factor for some people to achieve more than they would have otherwise. The ugly side of consumerism is it makes a definite divide between the haves and the have-nots.

Answer 3

Consumerism is positive because:

1) consumers drive economic efforts towards organic reformation.

2) consumerism promotes free trade.

3) consumerism essentially results in national progression

Answer 4

consumerism has affected economy of country a lot.

small business firms have winded up