| Abstract: | In highly competitive economies, productivity is always increasing as entrepreneurs, driven by the profit motive, strive to build a better mousetrap. Over time, this has given consumers a wealth of material goods. However, within this type of economy, the consumers need to consume all that is produced or else there will be distortions in the labour markets. However, as it turns out, we are able to consume all that is produced by having transitioned into a throwaway society, but there are environmental consequences associated with the replacing of malfunctioning household products instead of repairing and reusing these products. There are a number of factors responsible for causing consumers to replace a malfunctioning household product as opposed to repairing the product for reuse. The research in this paper will focus on two of these factors. The first factor is the time constraint that consumers are faced with and the second factor is conspicuous consumption. This research uses the results of an international survey conducted in seven different countries at different stages of economic development. The survey was conducted between November, 2015 and December, 2016. The results show that both the time constraint factor and the conspicuous consumption factor are significant in determining that if a consumer will look to replace a malfunctioning household product as opposed to repairing the product for further reuse. Furthermore, as more nations continue to develop economically and their GDP per capita grows, then the environmental impacts resulting from an increasing throwaway society by those nations will yield more hazardous environmental consequences. |
