Section 2 Glossary
Completion requirements
Unit 4: Section 2: Consumerism and Quality of Life
Section 2 Glossary
boycott: the decision not to buy or not to support a product or business to create change
consumerism: an economic theory that links prosperity to consumer demand for goods and services, and that makes consumer behaviour central to economic decision-making
Patricia Lychak et al., Issues for Canadians: Student Resource (Scarborough: Nelson Education Ltd., 2008). 375. Reproduced by permission.
gross domestic product: the total dollar value of goods and services produced in any given year within a nation's borders
standard of living: the quality and quantity of goods and services available and how they are distributed