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∙ 15y ago
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What do people buy when the economy is bad?
When the economy is 'bad', real income is falling. When real income falls, two changes occur: 1) People tend to buy cheaper substitute goods. 2) People tend to decrease consumption of luxury goods.
When does the economy get bad?
The economy only gets bad when a country's population shrinks, and elderly people stop working. If elderly people still work in a country with a declining population, it doesn't affects the economy.
How does a stable economy help people?
A good economy is with people having jobs and employment and not a lot of people having unemployment that is bad is bad because they don't get much money for all Everybody needs money so we need to get a real better economy
What is a money economy?
It is an economy where people use currency rather than barter to buy and sell goods.
How bad will the us economy get in 2011?
the economy of the U.S. will have been in a serious debt ceiling crisis but there will be a solution by prez.Obama and his people . But there will not be a bad situation the economy of the U.S.will get back on its feet again,"LONG LIVE U.S.A."
What do people buy when the economy is bad?
When the economy is 'bad', real income is falling. When real income falls, two changes occur: 1) People tend to buy cheaper substitute goods. 2) People tend to decrease consumption of luxury goods.
If the economy goes bad will photographers still have a job?
The economy is bad and most likely not. Because then people will not have jobs and they will not have any money to buy photographs and then they will go out of business.
Why should people end poverty?
Poverty is bad for the economy! The economy will improve, when poor or underpaid people are able to buy the necessities of life. Even when things improve, they will be able to buy new furniture, beds, rugs, you name it!
What were Athena's political views?
She believed the economy was bad and the people were bad.
How does the citrus industry affect its economy?
it provides food, and then people buy the food. so the money depends on the shape on the industry, if its in bad shape less money for the economy. good shape more money.
Can you stop this bad economy?
Well the fact that we have bad economy means that people stop spending money and in order for the economy to go back to "good," more people have to start spending more money.
When does the economy get bad?
The economy only gets bad when a country's population shrinks, and elderly people stop working. If elderly people still work in a country with a declining population, it doesn't affects the economy.
How are people losing jobs?
The Illigal immigrants, bad economy and the bad reputation
Was the economy really bad?
The economy wasn't just bad then, but it still is. I'm not sure why, but it really is. People are saving money which are making businesses close and people losing their jobs which is really bad. I think what makes the economy bad is that we are serving in two wars! So, the soldiers' weapons are being paid for!
How does a stable economy help people?
A good economy is with people having jobs and employment and not a lot of people having unemployment that is bad is bad because they don't get much money for all Everybody needs money so we need to get a real better economy
Why are people losing their jobs?
Because the economy is very bad
What is a money economy?
It is an economy where people use currency rather than barter to buy and sell goods.
