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ADMS 1010 (296)
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Lecture 6

Week 6 - the rise of the canadian consumer and canadian retail [p1]

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Department
Administrative Studies
Course
ADMS 1010
Professor
Yong Troy
Semester
Fall

Description
Week 6The Rise of the Canadian Consumer and Canadian Retail ADMS 1010TroyPart IWhat is ConsumerismEconomic theory that individual consumers drive the market Any purchase of exchange of goods beyond the fulfillment of a persons basic needs is at the heart of consumerism Mass consumption drives consumerism While consumerism has always exists as long as there were civilization the Industrial Revolution changes the theory of consumerismIndustrial Revolution and ConsumerismIndustrial revolution leads to an increase in the production of goods by moving from production by individual artisans to lesser skilled workers using machines to increase total outputo Greater outputmore goods available o More goods availablelower prices for goods
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