Question

Consumerism is described as activities undertaken by independent individuals, groups, and organizations to protect their rights as consumers.

a. True
b. False

Answer 1

a. True

Step-by-step explanation:

This alternative is true, as consumerism can be defined as a phenomenon that is positive for economic growth to occur, because through the increase in the consumption of goods and services, companies benefit from increased sales, revenues and profits while consumers benefit from the utilities and benefits of the consumer goods they purchase.

Therefore, consumerism is seen as a phenomenon that strengthens the capitalist economy, as consumer spending accounts for most of the GDP and aggregate demand, factors essential to economic growth.