Concept of competitive consumption


Assignment:

1. Watch the video from the below link.

2. Assess two or more of the following information points on the author's concept of Competitive Consumption (note: I agree with some, but not all of what she says, so don't feel obligated to agree with everything in the documentary. You are free to disagree!!! :)):

Impact on Consumers, both Short and Long Run (for example, mental impact)

Aspiration Gap, specifically the costs & benefits to the Economy in general

  • Impact on the Financial Industry, both current and future
  • Consumption tax-- yes or no?
  • Effect on future C, I, GDP
  • Implication on Global Trade
  • Anything else that sparks a thought (economics focused, of course!)

Write a one page and it doesn't have to be perfect!!

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Microeconomics: Concept of competitive consumption
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