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Overconsumption describes a situation where consumers overuse their available goods and services to where they can't, or don't want to, replenish or reuse them. [1] In microeconomics, this is the point where the marginal cost of a consumer is greater than their marginal utility.
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The "no buy" challenge is helping people rein in their shopping habits. Here's how to buy less.
According to the book, Western society is addicted to overconsumption and this situation is unique in human history. Hamilton and Denniss argue that overconsumption is driven by aspiration, in an effort to emulate the lifestyles of the rich and the famous through the identities and fulfilments that commodities are supposed to, but do not ...
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