Department Store
Definition
A large retail establishment that sells a wide variety of goods divided into departments.
Analogy
Think of a department store like your school. Each classroom (department) specializes in a different subject (product type), but they're all under the same roof.
Related terms
Retail: The sale of goods to the public in relatively small quantities for use or consumption rather than for resale.
Consumerism: The theory that an increasing consumption of goods is economically beneficial.
Mass Production: The manufacture of large quantities of standardized products, often using assembly lines or automation technology.
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