What is the difference between Capitalism And Consumerism? - ProProfs Discuss
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What is the difference between Capitalism And Consumerism?

Asked by B. Wright, Last updated: Jun 18, 2019

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K. Wilson

Want to learn new things and share my knowledge

K. WilsonMarketing Analyst, MBA, Miami
Marketing Analyst, MBA, Miami

Answered on Jun 18, 2019

Capitalism and consumerism are known to work hand in hand together, but they are different from each other. Consumerism is known to be the belief of people that to be happy, they would need to spend a lot of money. They would spend it on the food that they think they deserve or the clothes and other items that are considered to be more expensive than usual.

Capitalism and consumerism are known to work hand in hand together, but they are different from
The more that they can afford these things, the happier that they will be. Capitalism is said to be the process of convincing people that they need certain items even when they do not. This is said to make a lot of people materialistic because they assume that they need things to live more comfortable and pleasant lives.

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