Consumer Economies Flashcards
What is a consumer economy?
It is an economy in which businesses encourage consumers to spend as much money as possible to buy their goods.
What makes consumer spending easier?
Electronic banking and globalization.
How does consumer spending put pressure on the environment?
Because people consume, or use, more than they produce.
What does it mean if people consume,more than they can produce?
This means they are using up materials faster than they can be provided.
What do factories use to produce things for consumers to buy?
Natural resources
Spending more on consumer goods has become an ______ way of living.
Unsustainable
More and more natural resources are being used but not _____ at the same____.
Replaced
Rate
What is a consumer economy?
An economy in which businesses encourage consumers to spend as much money as possible by buying their products.
What is globalization?
The process by which businesses,cultures and societies are becoming more connected and interdependent because of communication and travel technology.
What type of economy are we living in?
A consumer economy.
