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New industry spawned by the mass-consumption economy that encouraged still more consumption?
Advertising ( credit and installment buying")
How might the economy of the 1920 have a different without the advertising industry?
Without the advertising industry, the economy of the 1920s might have experienced slower consumer spending and less rapid industrial growth. Advertising played a crucial role in creating demand for new products and lifestyles, driving consumption and contributing to the economic boom of the decade. The absence of persuasive marketing could have led to a more conservative approach to spending, resulting in reduced innovation and less competition among businesses. Consequently, the overall economic expansion and the cultural shifts associated with the Roaring Twenties might have been significantly muted.
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
How did the advertising industry affect the role of the US in the economy?
Advertising convinced consumers that they needed new products.
How did advertising industry affect the role of the US and the world economy?
Advertising convinced consumers that they needed new products
How did advertising industry affect the role of US in the world of economy?
Advertising convinced consumers that they needed new products.
How did the advertising industry affect the role in the US in the world economy?
Advertising convinced consumers that they needed new products.
HOW DID advertising THE INDUSTRY affect the role of the US in the world economy?
Advertising convinced consumers that they needed new products.
Describe the changes in the American consumer economy in the 1950s and their relationship to the rise of popular mass culture?
Changes in the American consumer economy in the 1950s was largely due to advertising and the rise of advertisement. Businesses changed due to advertising and contributed to the rise of popular mass culture.
New industry spawned by the mass-consumption economy that encouraged still more consumption?
Advertising ( credit and installment buying")
How did he advertising industry affect the role of the United States you the world economy?
Advertising convinced consumers that they needed new products. Apex!
How did advertising industry affect the role of the US in the World economy?
.Advertising convinced consumers that they needed new products.
How does advertising keep the economy flowing?
Advertising keeps the economy going through obvious means. Advertising persuades consumer buying impulses to buy products, through the purchases businesses make money, people keep jobs, and government gets it's taxes.
How might the economy of the 1920 have a different without the advertising industry?
Without the advertising industry, the economy of the 1920s might have experienced slower consumer spending and less rapid industrial growth. Advertising played a crucial role in creating demand for new products and lifestyles, driving consumption and contributing to the economic boom of the decade. The absence of persuasive marketing could have led to a more conservative approach to spending, resulting in reduced innovation and less competition among businesses. Consequently, the overall economic expansion and the cultural shifts associated with the Roaring Twenties might have been significantly muted.
Who will buy goods in traditional economies private consumers or industry?
i would say a private consumer because the traditional economy would no longer be traditional if it was to be controlled by an industry.
