Consumerism refers to the social and economic ideology that encourages the acquisition and consumption of goods and services. It is characterized by the belief that increased consumption leads to personal happiness and societal progress. Consumerism is often associated with the promotion of materialistic values and the constant pursuit of new products. From a legal perspective, consumerism can have implications for various areas of law, including consumer protection, advertising regulations, and product liability. It is important for lawmakers and regulators to strike a balance between protecting consumers’ rights and promoting a fair and competitive marketplace.
Answer: Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.
Answer: As a consumer, you have the right to safety, the right to be informed, the right to choose, the right to be heard, and the right to redress.
Answer: A consumer protection law is a law that protects consumers from unfair or deceptive business practices.
Answer: A consumer complaint is a formal or informal expression of dissatisfaction with a product or service.
Answer: You can file a consumer complaint with the relevant government agency or consumer protection organisation.
Answer: A consumer class action lawsuit is a legal action brought by a group of consumers who have been harmed by a product or service.
Answer: A consumer warranty is a promise made by a manufacturer or seller to repair or replace a product if it fails to meet certain standards.
Answer: Consumer fraud is a deceptive or unfair business practice that harms consumers.
Answer: A consumer credit report is a record of a consumer’s credit history, including their credit score, payment history, and outstanding debts.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 5th April 2024.
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