Question

Write a formal report on Culture of Consumerism. What is it?

Answer 1

This is the culture of consumers, which is the guiding principle how those consumers give values to goods and consume thereafter. If an economy has consumers giving value to technological movements, the price of a product becomes secondary and sometimes irrelevant; producers should concentrate on supplying products having high technology or utility although its price becomes high.

This thing usually happens in smartphones, autonomous machines and tools, specified healthy food products, etc.