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Makes borrowing more expensive and difficult. Makes it more difficult to finance many things: car & house purchases, starting new businesses, etc.
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How does a widespread increase in personal debt affect a nations economy?
Makes borrowing more expensive and difficult. Makes it more difficult to finance many things: car & house purchases, starting new businesses, etc.
How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
How did Ferrari affect the economy?
They help increase cash flow.
How does the government fiscal policy affect the economy?
When inflation increase
How would an increase in total expenditures affects the national's economy?
An increase in total expenditures affect the nation's economy would cause an expansion.
How does computer security affect economy?
So that your money or personal is not stolen
How do fast food restaurants affect the economy?
Yes, they increase health care costs
How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
How did the war affect the Europe economy?
The war in Europe affected the American economy by creating a massive increase in US industrial production as well as stable prices.
Why can the law of demand apply only in a free market economy?
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
How does the marketing affect the economy?
how does affect the all economy
How do bio-fuels affect the economy?
it does not affect the economy
