Oxford Dictionary English consumer economy noun noun BrE BrE//kənˌsjuːmər ɪˈkɒnəmi// ; NAmE NAmE//kənˌsuːmər ɪˈkɑːnəmi// Add to my wordlistjump to other resultsan 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 consumer economy in the Oxford Advanced American DictionaryCheck pronunciation: consumer economy oxfordlearnersdictionaries.com