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Description
Flashcards by Jennifer Jaramillo , updated more than 1 year ago
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Created by Jennifer Jaramillo
over 6 years ago
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| Question | Answer |
| Advertising | Act of promoting which can be done on media or newsprint |
| Boycott | People stop buying a product for various reasons |
| Budget | Money you have to spend |
| Consumerism | Economic theory that links prosperity to consumer demands of goods and services |
| Consumer spending | How much people will pay for a product especially if high in demand |
| Economic decision making | Making decisions on what to buy based on financial needs |
| Economic growth | Steady improvement of jobs being created which allows people to buy more goods |
| Identity | Consumers buys a product to fit into a certain group |
| Marketing | The way that advertising companies convince people to buy certain products |
| Prosperity | A successful or thriving business |
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