Affluent society
noun
a society in which the material benefits of prosperity are widely available
historical examples
both, following different paths, have achieved the affluent society, so called.
frigid fracas dallas mccord reynolds
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.
note: conventional economic theory is based on the -ssumption 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 m-ss 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.
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having an abundance of wealth, property, or other material goods; prosperous; rich: an affluent person. abounding in anything; abundant. flowing freely: an affluent fountain. a tributary stream. an affluent person: a luxurious resort appealing to young affluents. historical examples but scarcely anywhere do we find this wonder-working grace so affluently described. the expositor’s bible: ephesians […]
- Afflux
something that flows to or toward a point: an afflux of blood to the head. the act of flowing to or toward; flow. historical examples spirituous drinks occasion an afflux of the gastric juices, become acid, and are absorbed. north american medical and surgical journal, vol. 2, no. 3, july, 1826 various the best mode […]
- Affordable
that can be ; believed to be within one’s financial means: attractive new cars at affordable prices. usually, affordables. items, expenses, etc., that one can : a variety of affordables for your gift list. contemporary examples say what you will about the affordable care act, but its method of p-ssage—a party line vote by democrats—was […]
- Afford
to be able to do, manage, or bear without serious consequence or adverse effect: the country can’t afford another drought. to be able to meet the expense of; have or be able to spare the price of: can we afford a trip to europe this year? the city can easily afford to repair the street. […]
- Affordably
that can be ; believed to be within one’s financial means: attractive new cars at affordable prices. usually, affordables. items, expenses, etc., that one can : a variety of affordables for your gift list. adj. 1866, from afford + -able. related: affordability; affordably.