consumer
someone who buys things they don't need with money they don't have to impress people they don't like
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marginal propensity to consume
*noun*; in Keynesian economics, the rate at which aggregate consumption rises in response to a rise in national income.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
Not only is the marginal propensity to consume weaker in a wealthy community, but, owing to its accumulation of capital being already larger, the opportunities for further investment are less attractive...
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
marginal propensity to consume by Abu Yahya March 3, 2009
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consume the child
consume the child by a consumed child October 24, 2020
Fundamentalist Consumerism
a term coined by Bruce Levine to describe the mindset of a group of people who "are singularly attached to cheap stuff."
The term describes a culture that "creates increasing material expectations" that often can not be satiated, "devalues human connectedness," "socializes people to be self-absorbed and selfish," "obliterates self-reliance," "alienates people from normal human emotional reactions" and "sells false hope that creates more pain."
The term describes a culture that "creates increasing material expectations" that often can not be satiated, "devalues human connectedness," "socializes people to be self-absorbed and selfish," "obliterates self-reliance," "alienates people from normal human emotional reactions" and "sells false hope that creates more pain."
Fundamentalist Consumerism is demonstrated en-mass on every Black Friday. On Long Island, NY in 2008, Wal-Mart employee Jdimytai Damour was trampled to death by customers stampeding into the store when the doors were opened. Police attempting to clear the scene were met with hostile reactions from customers, some insisting that they "had been waiting in line since yesterday morning" to get into the store. Fundamentalist Consumerism devalues all life in pursuit of 'stuff.'
Fundamentalist Consumerism by thewakebehindyou August 1, 2011
Consume the Cum Chalice
A meme that people use to get banned from Yanderedev's Discord Server. They really don't mind getting banned there. It shows a picture of Yanderedev holding a glass (or chalice) of milk (or cum) with the top and bottom captions saying "CONSUME THE CUM CHALICE"
"Alright im gonna try to speedrun getting banned on Yanderedev's Discord Server."
*post consume the cum chalice meme*
"Yes! I got a new world record!"
*post consume the cum chalice meme*
"Yes! I got a new world record!"
Consume the Cum Chalice by SireSatire April 3, 2021
consumerism
1. The practice of conspicuously buying flashy, expensive items and expecting them to fill the voids in one's life.
2. A pejorative used to malign people who enjoy material luxuries, implying that it's impossible for a person do so without having an unhealthy fixation on them. Usually used as a sour grapes excuse to hate people who can afford more luxuries than one's self.
2. A pejorative used to malign people who enjoy material luxuries, implying that it's impossible for a person do so without having an unhealthy fixation on them. Usually used as a sour grapes excuse to hate people who can afford more luxuries than one's self.
1. "Tiffany keeps spending all of her money on expensive designer clothing. When will she realize that it's personality, not consumerism, that wins friends?"
2. "Ugh, did you see Ted's new BMW with heated leather seats, a GPS navigation system, and a 6-disk CD changer? Anyone who would buy luxuries is obviously a disgusingly shallow and materialistic consumerist."
2. "Ugh, did you see Ted's new BMW with heated leather seats, a GPS navigation system, and a 6-disk CD changer? Anyone who would buy luxuries is obviously a disgusingly shallow and materialistic consumerist."
consumerism by Icarus3 November 3, 2005