Vocabulary Flashcards
What is Consumerism?
an economic theory that links prosperity to consumer demand for goods and services, and that makes consumer behaviour central to economic decision making.
What is boycott?
a decision by consumers to stop buying a product or service as a way to bring about change
What is Planned obsolescence?
is a policy of planning or designing a product with an artificially limited useful life or a purposely frail design, so that it becomes obsolete after a certain predetermined period of time
What is Perceived obsolescence?
is when a customer is convinced that he / she needs an updated product, even though his /her existing product is working well.
What is By-product?
is a secondary product derived from a production process, manufacturing process or chemical reaction; it is not the primary product or service being produced.
What is Fair Trade?
Fair trade is an arrangement designed to help producers in growing countries achieve sustainable and equitable trade relationships. Members of the fair trade movement add the payment of higher prices to exporters, as well as improved social and environmental standards.
What is Zero Waste?
Zero Waste is a set of principles focused on waste prevention that encourages the redesign of resource life cycles so that all products are reused.
What is Finite Planet?
a perpetual-growth economy eventually encounters the source-and-sink limits of ecosystems, either transgressing them and causing species loss, climate change, and ecosystem failure, or crashing because the limit can’t physically be broken.
What is Green Chemistry?
Is the design of chemical products and processes that reduce or eliminate the use or generation of hazardous substances. Green chemistry applies across the life cycle of a chemical product, including its design, manufacture, use, and ultimate disposal.
