About This Chapter
Economics & Consumerism - Chapter Summary
This chapter offers a high-level overview of consumerism and economics topics. Beginning with examples of consumerism, the chapter closely examines the cyclical phases of the U.S. economy, as well as the concept of consumer choice. When you're finished, you should be able to:
- Summarize the history of consumerism
- Discuss why a stagnant economy is a detriment
- Explain why consumer choice is important in economics
This chapter comes with short quizzes that can help you reinforce your understanding of these economics and consumerism concepts. As you watch each video lesson, you can print out the accompanying transcript to follow along with the narrators. If you have any questions, you can submit them to our subject-matter experts. Finally, you'll be able to review these materials at any time that fits your schedule.
1. What Is Consumerism? - Definition, History & Examples
Consumerism is the culture or ideology of excessive consumption of material goods or services. In this lesson, you will learn about consumerism and its history while exploring examples and perspectives on the concept.
2. The Cyclical Phases of the US Economy
Ever wish the economy would just stay still long enough for you to make some sense of it? As nice as that sounds, a stagnant economy is not a good thing. This lesson will explain why that is and examine the cyclical phases of the US economy.
3. The Importance of Consumer Choice in Economics
Nothing makes a business happier than when we buy something they sell - well, maybe when we buy two of what they sell! This lesson explains why smart companies and governments try to understand everything about you to sell you more.
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Other chapters within the OAE Family & Consumer Sciences (022): Study Guide & Practice course
- Human Development & Genetics
- Dimensions of Development Across Childhood
- Dimensions of Development Across Adulthood
- Interpersonal Relationships & Communication
- Families & Well-Being
- Planning for Pregnancy, Childbirth & Parenting
- Parenting, Children's Health & Safety
- Personal Budgets, Banking & Insurance
- Financial Resource Management
- Consumer Credit
- Consumer Skills
- Housing, Interiors & Furniture
- Textiles & Apparel
- Nutrient Sources & Functions
- Basics of Nutrition & Food Science
- Food Safety & Sanitation
- Food Preparation & Menu Planning
- Family & Consumer Science Careers
- Employment & Employability Skills