More industrial production, a faster rate of economic expansion, a wider range of goods and services, and more advertising since manufactured items must be sold—are the main effects of consumerism.
Consumerism has an impact on more than simply our pocketbook. More importantly, it has an impact on our health. According to a 2011 study, having materialistic values is associated with decreased well-being, but little is known about the determinants of this association or the associated behavioral tendencies, particularly in emerging nations like India.
Our environment is being destroyed by materialism. The requirement to create things rises along with the demand for them. This causes more pollution emissions, more people using the land, more deforestation, and faster climate change.
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