Q.The term Consumerism came into existence in the year ________.

Consumerism is the organised social movement of consumers, consumer associations, and the state, working together to protect the rights and interests of buyers against unfair, deceptive, or exploitative trade practices in the marketplace. It is broader than any single law — it includes consumer education and awareness-building, the formation of consumer associations and cooperative societies for collective bargaining strength, advocacy for fairer business conduct, and the use of legal redressal machinery when a genuine grievance arises. Consumerism rests on the recognition that an individual consumer, acting alone, is usually at an information and bargaining disadvantage compared with organised sellers and manufacturers, and that this imbalance needs to be corrected through …