The Culture of Consumerism in the United States and Globally

question 36

Essay

The culture of consumerism in the United States and globally has intensified,especially during the last fifty years.What constitutes a culture of consumerism and how does it relate to the concept of culture more generally? What are three examples of how the culture of consumerism affects culture in general in the United States? Does it affect cultures worldwide,and if so,how?

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Definitions:

Development (Innovation and Imitation)

The process in which economies grow or change over time through the introduction of new technologies (innovation) and the adoption of successful technologies or methods from others (imitation).

Technological Advance

Refers to the development and application of innovative techniques, equipment, and processes that improve productivity, efficiency, and outcomes in various fields.

New Monopolies

Emerging dominant players in a market that manage to obtain exclusive control over a product or service, often through innovation or consolidation.

Existing Monopolies

Firms that have exclusive control over a market or product, allowing them to set prices higher than in competitive markets due to a lack of alternatives.