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Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?
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Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
How the decisions you make as a consumer influence the economy?
everyone as a consumer affects the economy on what they spent and how they spent
Why is the consumer king in a market economy?
because the market economy is driven by demand and consumer is the one who demands
What motivates the Market economy?
the purchase of a consumer (CONSUMER) (: welcomeee
How can overproduction hurt the economy?
Overproduction can hurt the economy because when there is more of a thing, it's value goes down. For example, if government prints more money it's value will drop. Similarly if something is over produced there will be less demand and more supply thus losing it's value.
What are the factors affecting consumer behavior?
Consumer behavior is affected by the earning power of the consumers. That means it is affected by the state of the economy.
What are the factors affecting the behavior?
Consumer behavior is affected by the earning power of the consumers. That means it is affected by the state of the economy.
How is the economy affected when the stock market does well?
it improves with added consumer confidence and spending
What reason best explains why economists use consumer confidence to evaluate the economy?
Consumer confidence is closely related to joblessness, inflation, and real incomes.
Improved mass- production techniques affected the American economy of the 1920s by?
reducing prices of consumer goods.
Which best explains how the growth of labor unions positively affected the economy?
Safety regulations caused the costs for businesses to increase
Besides underproduction and overproduction market economy also involved in which production?
no production
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
The weakest element in the economy during the 1920s was?
Overproduction
How the decisions you make as a consumer influence the economy?
everyone as a consumer affects the economy on what they spent and how they spent
Explain how the decisions you make as a consumer influence the economy.?
everyone as a consumer affects the economy on what they spent and how they spent
Explain how the decisions you make as a consumer influence the economy?
everyone as a consumer affects the economy on what they spent and how they spent
