What does consumerism signify in a capitalistic society?

• A. Government spending on infrastructure
• B. Individuals investing in real estate
• C. Individuals spending on new products and services
• D. Corporations reducing their prices for consumers

Answer: (C)

Consumerism in a capitalistic society represents the focus on individuals spending on new products and services. This concept is central to capitalism, where economic growth is often driven by consumer demand. When individuals buy products and services, they are not only fulfilling personal needs and desires, but they are also stimulating the economy by increasing sales for businesses, which can lead to greater production and job creation.

In a consumer-driven market, companies constantly innovate and compete to attract consumers, leading to advancements in technology and improvements in quality of life. This cycle reinforces the capitalist model, as the emphasis on consumer choices and preferences influences market trends and economic health.