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Oxford Dictionary English

consumer economy

noun
noun
BrE BrE//kənˌsjuːmər ɪˈkɒnəmi//
; NAmE NAmE//kənˌsuːmər ɪˈkɑːnəmi//
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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 consumer economy in the Oxford Advanced American Dictionary
Check pronunciation: consumer economy
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