Social Studies Chapter 7 Quiz (Consumerism) Flashcards
Advertising
Stuff that companies do to make people notice and want to buy their products/services.
Bandwagon Effect
When people do something just because everyone else is doing it.
Boycott
A decision by consumers to stop buying a product or service is a way to bring about change.
Budget
A plan for how much money you have and how you’re going to spend it.
Consumer Spending
The amount of money people spend on buying stuff.
Total money spent on final goods and services by individuals and households for personal use and enjoyment in an economy.
Plays an important role in mixed and market economies.
Consumerism
The idea is that buying and having more stuff makes life better.
An economic theory that links prosperity to consumer demand for goods and services and that makes consumer behaviour central to economic decision-making.
Emotional Appeal
Trying to make you feel something so you’ll want to buy something.
Glittering Generalties
Using fancy words to make something sound really good, even if it’s not that special.
Gross Domestic Product (GDP)
All the money is made from selling stuff and services in a country in a year.
Identity
Who you think you are, what you believe, and what makes you, you.
Marketing
Ways companies use to sell their products and make you want them.
Plain Folks Appeal
When something is shown as being just like what regular people use or do.
Prosperity
When everything is going pretty well, and people have enough money and stuff.
Regionalism
When people stick to things from their own countries or communities.
Scientific Appeal
Using science stuff to make something seem better or more true.