I see headlines and articles discussing how consumer spending is driving, or of late, possibly slowing, the economy. But if not for people buying non-essential products and services, what else would drive the economy? Everyone needs food, shelter, and clothing. Many need cars, depending on their location. But I take it that spending on necessities is not enough, especially non-consumable or long lasting things like houses and cars.
In: Economics
These answers are all quite bad. Your question is confusing people and they are trying to answer from a mistaken premise. All economies need people to spend money. There is no economy that survives if people stop buying things. It’s like asking how a heart beats without blood. People are coming up with imaginary answers.
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