Why is an economic depression bad for consumers even though prices are cheaper?

1.26K views

Why is an economic depression bad for consumers even though prices are cheaper?

In: 88

29 Answers

Anonymous 0 Comments

If you make $250/day, paying $25 to feed your family is probably affordable.

If you make $0/day, $15 to feed your family is not affordable, even though it’s cheaper than $25.

What matters is the ratio of price to income, not strictly price.

You are viewing 1 out of 29 answers, click here to view all answers.