Commercialism is the application of both manufacturing and
consumption
Consumption may refer to:
*Resource consumption
*Tuberculosis, an infectious disease, historically
* Consumption (ecology), receipt of energy by consuming other organisms
* Consumption (economics), the purchasing of newly produced goods for curren ...
towards personal usage, or the practices, methods, aims, and distribution of products in a
free market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...
geared toward generating a profit. Commercialism can also refer, positively or negatively, to corporate domination. Commercialism is often closely associated with the corporate world and
advertising
Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a ...
, and often makes use of advancements in technology.
Commercialism can also be used in a negative connotation to refer to the possibility within open-market
capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, priva ...
to exploit objects, people, or the environment for the purpose of private
monetary gain. As such, the related term "commercialized" can be used in a negative fashion, implying that someone or something has been despoiled by commercial or monetary interests.
See also
*
Anti-consumerism
*
Consumerism
Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the Industrial Revolution, but particularly in the 20th century, mass production led to overproduction—the su ...
*
Corporatocracy
Corporatocracy (, from corporate and el, -κρατία, translit=-kratía, lit=domination by; short form corpocracy) is an economic, political and judicial system controlled by corporations or corporate interests.
The concept has been used ...
*
Festivus
Festivus () is a secular holiday celebrated on December 23 as an alternative to the pressures and commercialism of the Christmas season. Originally created by author Daniel O'Keefe, Festivus entered popular culture after it was made the focu ...
References
External links
The Culture of Commercialism: A Critique
Capitalism
{{econ-stub