Final answer:
Consumer culture encourages the purchase of new goods and services to define identity and status.
Explanation:
Consumer culture is a societal culture that encourages the purchasing of new goods and services as a way to define self-worth and social status. It is characterized by an emphasis on material possessions as a means of self-expression and identity.
Companies like Wal-Mart, Disney, and McDonald's play a significant role in promoting consumer culture by creating a global market where consumption is seen as a way of life. This culture fosters the belief that buying products leads to a better life, perpetuating a cycle of constant consumption.
A materialistic culture values possessions as symbols of status and success. Countries like the United States and Japan are often associated with such cultures, where acquiring material goods is closely linked to social standing and identity.
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