Definitions
Urbanization
People moving from rural areas to cities during the Industrial Revolution.
The start of what century saw the economies grow, wages starting to rise allowing people to buy more luxury items
The 18th century
This form of government is the only consumer and is the only producer in its economy
Command Economy
The primary role of the consumer is to do only one thing
Buy, Buy, Buy
A production strategy where the item is only useful for a certain amount of time causing them to need replacing.
Planned Obsolescence
The Industrial Revolution could also be called the...
Consumer Revolution
In a true Market economy who are the ones that choose which products are going to be made
Consumers
What form of music did the the tape cassette make obsolete
Vinly Records
an economic theory that links prosperity to consumer demand for goods and services, and that makes consumer behaviour central to economic decision making
Consumerism
The more you spent, the more businesses grew, the more wages_____
Raised
It is a blend of both Market and Command Econonies taking their best attributes to make what economic system
Mixed Economy
What is the name of the actor on the definition of consumerism slide?
Keanu Reeves
They generally make use of the cooling effect produced when a volatile liquid is forced to evaporate in a sealed system
Refrigerator
From the start of human civilization to the start of the 18th century saw no rise in...
GDP (Gross Domestic Product)
Who is the man is primaryily responible for creating the theory of a mixed economy
John Maynard Keynes
What idea that was created out of vanity was primarly responsible for growing economies
Shopping for Pleasure
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Market Economy
Which form of hairstyles started to become excessively impractical with the increase in economic growth
Wigs
Who is the creater of the Command Economy
Once you buy one good or service you are known as a what
Consumer