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Explain the relationship between consumer expectations and economic performance. Explain how a person can be employed and still be living under the poverty threshold.

Tara Andrews

in Business

1 answer

1 answer

Nicholas Rivera on March 21, 2018

The relationship between the expectations of consumers and economic performance can be explained easily.Expectations of changes in income can lead to a reduction in the trust and, as a result, there is a fall in the expenditure of the income. An improvement in consumer expectations about the health of the economy will increase confidence and planned spending.In the same way, If a consumer believes that the price of the good will be higher in the future is more likely to purchase the good now.

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