The consumer movement exercises a considerable influence on the socio-economic environment of business. In a country like India where there is a high percentage of illiteracy among people, where people are less informed and where critical goods are always in short supply, the Government has a significance role in safeguarding the interests of consumers by promoting a climate of fair competition and preventing exploitation of consumers.
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Consumerism is a movement seeking to protect consumers against improperly labeled or shoddy merchandise. There is no synonym.
Consumerism can be defined as a social movement seeking to augment the right of buyers in relation to seller
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The government serves as an agent of consumerism in Nigeria. This is a form of legislation which seeks to protect the rights of the consumers in the market.
The objective of consumerism in Nigerian economy is to ensure that consumers are not exploited. This seeks to protect the interests of the consumers in the market.
Consumerism in the 1970s brought about a more robust service sector. This occurred at the same that manufacturing was waning in the United States.
With people wanting to buy all sorts of things they did not need, it was clear that consumerism had gone too far.