35.1k views
0 votes
What do consumers do when the economy is good?

User PPartisan
by
6.8k points

1 Answer

0 votes
When the economy is good, consumers tend to be more confident and willing to spend their money. They often purchase bigger-ticket items such as cars and homes, and may invest in stocks and other forms of investments. Consumers may also take advantage of low interest rates and borrow more money to finance their purchases. Additionally, consumers may take more vacations or travel more often, as they have increased disposable income. In short, when the economy is good, consumers typically have more confidence and are willing to take greater financial risks.
User Katharina
by
6.9k points