by advertising the unfamiliar goods in ads in magazines. Or businesses worked hard to create markets for these new products.
American society prepares its citizens to be consumers of standardized goods in a few different ways. One way is advertisement. With advertising, a company can make people believe that they need an object or a good - for example, any advertisement for an iPhone or other smart phone. These advertisements appeal to what people want, not what they ultimately need.
The free market is incapable of providing these essential goods.Private companies cannot profit by providing them.
A primary way state governments tax consumers is with a sales tax. Vendors don't pay this tax on the goods they sell but they collect it from customers. They also use income tax and property tax but these are not consumption taxes
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
Companies produce goods of their choice and consumers decide whether to buy the goods
National Recovery Administration
Corrects market failure Companies are in favor of it as they pass on the costs to their consumers Provides public goods
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
consumers pressured businesses by boycotting nonunion goods.
Utility is a tool used for understanding the behavior of consumers. It is useful in determining the wants and needs of consumers so companies know what products to promote or produce.
Producers make the goods and consumers buy and use the goods.
Deciding what goods consumers buy.