A society will put more investment on consumer goods than capital goods if it values more of present happiness than future happiness. True False
Consumerism is the possibility that expanding the utilization of goods and administrations bought in the market is consistently a positive objective and that an individual's prosperity and joy rely in a general sense upon acquiring consumer goods and material belongings. From a financial perspective, it is identified with the prevalently Keynesian thought that consumer spending is the critical driver of the economy and that reassuring consumers to spend is a significant strategy objective. Starting here of view, consumerism is a positive marvel that fills monetary development. On the off chance that an economy decides to deliver more capital goods than consumer goods, it will develop by more than if it assigned more assets to consumer goods.
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