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Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
Wiki User
∙ 11y ago
yes
Wiki User
∙ 11y ago
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What was the American economy like by the 1890s?
It was the largest producer in the world.
What is weak economy?
An economy that cannot balance its trade, a consumer economy instead of a producer economy, with lower GDP,high level of unemployement and inflation, that cannot service its debt, weak financial institutions and deficits.
Why microeconomics is called microscopic analysis?
microeconomics is called microscopic analysis because it analyze the behavior of micro or small units of the economy like individual consumer, producer, factor suppliers etc.
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.
What role does the consumer play in a free enterprise economy?
a consumerism play very important role in our economy. he create a demand for consumer good , and if he demand then only the goods will produced by producer or business man ,and we know very well that aggregate demand and supply is one of the important part of our economy ,so consumerism play very important role in economy.
A relationship between a producer and consumer is best illustrated by a?
Animals: Grass (producer) and a Cow (consumer) Economy: Factory (producer) and Buyer (consumer)
What was the American economy like by the 1890s?
It was the largest producer in the world.
How do you use consumer and producer in a sentence?
Decomposers and producers are completely different things...they are opposites
What is weak economy?
An economy that cannot balance its trade, a consumer economy instead of a producer economy, with lower GDP,high level of unemployement and inflation, that cannot service its debt, weak financial institutions and deficits.
Does market economy need competetion?
To allocate resources efficiently and provide the greatest possible consumer and producer surplus, yes.
How do you build a better economy?
The key to a good and strong econmy is 'consistency', if you have consistency throughout the economy such as low unemployment, investments, confidence, cycle of money and a reasonable consumer base. Put all those together and you have a strong and durable economy.
Why microeconomics is called microscopic analysis?
microeconomics is called microscopic analysis because it analyze the behavior of micro or small units of the economy like individual consumer, producer, factor suppliers etc.
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.
What role does the consumer play in a free enterprise economy?
a consumerism play very important role in our economy. he create a demand for consumer good , and if he demand then only the goods will produced by producer or business man ,and we know very well that aggregate demand and supply is one of the important part of our economy ,so consumerism play very important role in economy.
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.
How did the war effect the American economy after the war?
technology developed during the war was used for consumer products
How did the effort affect American economy after the war?
Technology developed during the war was used for consumer products.
