This is the idea that an economy must encourage an increase in production of goods and services, and that this increase in supply will create demand for other products.

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Leslie

26 July, 07:12

This is the idea that an economy must encourage an increase in production of goods and services, and that this increase in supply will create demand for other products.

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Answers (2)

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Declan Pruitt · Answer 1

This idea is called determinism and it is rather problematic.

Explanation:

The idea of the determinants basically supposes that the more products there are the more are people willing to buy it.

This is only possible when the society is either completely consumerist or has enough money to spare to consume in a way that is wells above their need and formed by a calibrated chain of supply.

This is not how it works however so the method has been shrouded as non sense many times in the economics.

Billy Maynard · Answer 2

supply side economics

Explanation:

this is just the answer