Recap: Factors Affecting Consumerism

Things people enjoy owning/using but are not necessary for survival.

• Needs

• Wants

• Consumer

• Services

Things required for survival or productivity.

• Wants

• Goods

• Needs

• Services

What is a consumer?

• Someone who buys goods and services

• Someone who sells goods and services

• Someone who owns a business

• Someone who works at a bank

What is Consumerism?

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Many factors influence consumer spending, including how much money consumers have to spend. What are some factors that influence the decisions you make as a consumer? Explain.

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Quality of life is...

• The standard of health, comfort, and happiness experienced by an individual or group.

• The amount of stuff a person or community can buy.

• The work and personal life balance.

• The measure of how skilled a person is.

All of the following are factors that affect consumer behaviours, except for....

• Identity

• Marketing

• Technology

• Health and Safety

In what ways does the government (legislation) affect the choices we make as consumers? Explain.

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What advertising technique is being displayed in this image? How do you know?

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What is the link between consumer spending and jobs?

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