What is a Consumer Economy?A recent re-defintion of "consumer economy" is an economy that only consumes, one that does not produce.That is not what most economists mean by a "consumer economy." The orginal idea of "consumer economy" was to make a producer economy consume all that can be produced by full employment, by stimulating demand beyond real needs. A "consumer economy" must avoid satisfing demand, because if people already had what they want they wouldn't keep consuming enough to provide full employment.
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