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Consumerism vs Capitalism - What's the difference?

consumerism | capitalism |

As nouns the difference between consumerism and capitalism

is that consumerism is a policy of protecting and informing consumers through honesty in advertising and packaging, improved safety standards etc while capitalism is (politics|uncountable) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.

consumerism

English

Noun

(wikipedia consumerism)
  • A policy of protecting and informing consumers through honesty in advertising and packaging, improved safety standards etc
  • A materialistic attachment to possessions.
  • An economic theory that increased consumption is beneficial to a nation's economy in the long run.

    • Related terms

    * consumerist

    capitalism

    English

    Noun

  • (politics, uncountable) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
  • (economics, uncountable) a socio-economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
  • (countable) a specific variation or implementation of either such socio-economic system.

    • Quotations

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    External links

    * (wikipedia) English words suffixed with -ism