USConsumption Greatly Increased at the End of the 20th Century,but

question 19

Essay

U.S.consumption greatly increased at the end of the 20th century,but since the recession,there are some indications that we may be entering a post-consumption age.Define a post-consumption society and explain the benefits and problems it might entail.Offer at least one specific example of something that would improve or decline because of lowered consumption.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance.

Controlled Costs

Expenses that can be managed or influenced by decisions of business managers, allowing organizations to adjust for efficiency and cost savings.

Material Price Variances

The difference between the actual cost of materials and the standard or expected cost, multiplied by the quantity purchased.

Time Materials

A pricing model where a customer pays based on the actual time spent on a project and the cost of materials used.