Consumer economy
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A consumer economy is an economy largely dependent on end consumers rather than intermediary businesses (i.e., companies which produce things). [1]
[edit] References
- ^ Education 2020 Homeschool Console, section Vocabluarly of Unit on "Economic Boom of the 1920s", quote: "CONSUMER ECONOMY: Definition: An economy that depends on a large amount of spending by comsumers. Usage: From the 1920s to present, the United States has had a consumer economy, one in which people consistantly contribute significant amounts of money to the national economy. - school login required, accessed 12:21 PM, December 1st, 2009.
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