affluent society

noun

a society in which the material benefits of prosperity are widely available

Words nearby affluent society

afflictive, affluence, affluency, affluent, affluential, affluent society, affluenza, afflux, affogato, afford, affordable

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for affluent society

affluent society

A society in which scarcity of resources is not the predominant condition, and a general level of economic well-being has been achieved by most members of society. The term was made current by John Kenneth Galbraith in The Affluent Society, which described conditions in the United States after World War II.

notes for affluent society

Conventional economic theory is based on the assumption that resources are scarce. Therefore, it makes increasing production in the private sector and limiting interference and regulation from the government a priority. In Galbraith's affluent society, this priority is misplaced because scarcity is not predominant. The continued pursuit of conventional economic objectives in an affluent society leads to the conditions Galbraith observed in postwar America: private-sector affluence and public-sector squalor. For example, affluence in the private sector led to the mass availability of automobiles. Because public-sector interference (in the form of regulation and taxation) was discouraged, however, governments could not afford to build adequate roadways to accommodate those automobiles.

单词	affluent society
释义	affluent society noun a society in which the material benefits of prosperity are widely available Words nearby affluent society afflictive, affluence, affluency, affluent, affluential, affluent society, affluenza, afflux, affogato, afford, affordable Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012 Cultural definitions for affluent society affluent society A society in which scarcity of resources is not the predominant condition, and a general level of economic well-being has been achieved by most members of society. The term was made current by John Kenneth Galbraith in The Affluent Society, which described conditions in the United States after World War II. notes for affluent society Conventional economic theory is based on the assumption that resources are scarce. Therefore, it makes increasing production in the private sector and limiting interference and regulation from the government a priority. In Galbraith's affluent society, this priority is misplaced because scarcity is not predominant. The continued pursuit of conventional economic objectives in an affluent society leads to the conditions Galbraith observed in postwar America: private-sector affluence and public-sector squalor. For example, affluence in the private sector led to the mass availability of automobiles. Because public-sector interference (in the form of regulation and taxation) was discouraged, however, governments could not afford to build adequate roadways to accommodate those automobiles. The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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