Business/general

Does the economy have a lot to do with how and what consumers are able to afford?

  1. 👍 0
  2. 👎 0
  3. 👁 64
  1. Yes. A poor economy means that companies lay off workers and don't hire replacements.

    Many people have lost their jobs and are unemployed. Others are afraid they'll lose their jobs and need to save their money. Investors have seen the values of their stocks lose some of their value.

    Even for people like me with a steady retirement income, I think twice before I buy unnecessary items. The culture of spend, spend, spend is diminished with a poor economy.

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. History

    Which best explains how the economy affected politics in the United States in the 1930s? A. Economic depression led to a number of riots that nearly toppled the government and allowed radical groups to acquire political power. B.

    asked by A Dude on September 19, 2019
  2. math

    In a survey of 120 consumers conducted in a shopping mall, 80 consumers indicated that they buy Brand A of a certain product, 68 buy Brand B, and 42 buy both brands. How many consumers participating the survey buy: a) At least one

    asked by lijm on September 26, 2019
  3. Calculus

    a college is planning to construct a new parking lot. the parking lot must be rectangular and enclose 6000 square meters of land. A fence will surround the parking lot, and another fence parallel to one of the sides will divide

    asked by Marc on November 26, 2010
  4. Science

    Which of the following describes how matter moves between producers, consumers, and decomposers in an ecosystem? one-way flow from producers to consumers to decomposers one-way flow from decomposers to consumers to producer cyclic

    asked by Anonymous on February 11, 2014
  5. science

    A pyramid of numbers demonstrates that a community has a) producers who depend on consumers for food b) more producers than primary consumers c) the same number of organisms at each level d) more consumers than producers e) no

    asked by pam on September 9, 2010
  1. History

    Please check my answers please. Thank you! 1. The U.S. economy is a free enterprise system. True* False 2. Work you do for pay is called a _____. service industry diverse workforce job* volunteer job 3. When there are many people

    asked by Anonymous on September 7, 2016
  2. Social Studies

    Which type of economic system has the highest level of government control? A. traditional economy B. market economy C. command economy D. mixed economy

    asked by FNAF Girl on September 17, 2018
  3. Economics

    It is 1932 and you are an economic advisor to President Roosevelt. What advice would you give the president in light of the economic problems facing the country? Where will you put the money into the economy? Will you give it to

    asked by Help Me Please(I NEED 2 GRADUATE) :[ on May 14, 2013
  4. geography

    What type of economy does each statement describe? Select C for Command economy. Select M for Market economy. Select T for Traditional economy.

    asked by Anonymous on March 13, 2017
  5. Social Studies 30 Socialism

    Question reads "There are a large number of supporters for the command economy and welfare state. A question arises as to which system is better. Suppose you are required to support the position that the command economy is vastly

    asked by Alexius on March 3, 2009
  6. Living environment(check please)

    When the food relationship in a habitat are illustrated by means of diagram, the result is always a complicated web like pattern. This is due to the fact that 1 many consumers are adapted to use more than one food source 2

    asked by Lisa on January 3, 2012

You can view more similar questions or ask a new question.