Does an economic slowdown change consumer spending? If so
how?
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Answer / neha
Due to the economic the slowdown many people where taken
out ofjobs. the salaries of the people where reduced. by
this the purchasing power of people reduced and the
spendings came down.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / kiran
The sale of all commodities dont come down. The sale of daily essentials will either remain same or may come down slightly.
This mostly applies to luxury products.
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