Answer;
-The concept that a high rate of consumption and spending are the basis for a sound economy.
Step-by-step explanation;
-Consumerism is the theory that a country that consumes goods and services in large quantities will be better off economically.
-Consumerism is credited with a movement towards consumer protection that promotes improvement in safety standards and truthful packaging and advertisement. It also seeks to enforce laws against unfair trade practices and truthful product guarantees.