What is consumerism? Is it the major reason for recession?

ANSWER TO THE ABOVE QUESTION What is Consumerism? Consumerism is basically the social movement of different individuals that foster the desire to purchase good services and products. Basically, they pursue the rights of the buyers such as right to be safety, to choose, for information and to be heard. 5 Major Reasons for Recession 1. Collapse of the Dollar Currency 2. Oil Price Increase 3. Large Inflation 4. Housing Bubble 5. Condition of Global Economy. Regards, Mark

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