Definition of consumer economy noun from the Oxford Advanced Learner's Dictionary


consumer economy

BrE BrE//kənˌsjuːmər ɪˈkɒnəmi//
; NAmE NAmE//kənˌsuːmər ɪˈkɑːnəmi//
(especially North American English)
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an economic system that depends on people buying a lot of goods and services rather than on production Eastern Europe's emerging consumer economies are prime targets for credit card growth.
See the Oxford Advanced American Dictionary entry: consumer economy