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The strength of one's buying power depends partially on the state of the economy.

O True
False

User CherryDT
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Final answer:

The strength of one's buying power depends partially on the state of the economy. In a strong economy, people have more buying power, while in a weak economy, their buying power decreases.


Step-by-step explanation:

True. The strength of one's buying power is influenced by the state of the economy. Buying power refers to the amount of goods and services that can be purchased with a given amount of money. In a strong economy with low inflation and high employment rates, people generally have more disposable income, which increases their buying power. Conversely, in a weak economy with high inflation and unemployment, people tend to have less disposable income, reducing their buying power.


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