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In a speech at a research conference, a computer expert stated that shopping centers would become obsolete in the future. He believed that because everything could be bought online and delivered directly to the home of a customer, there would be no need for physical shopping areas in the future. A psychologist disagreed and stated that this concept of the future violated a basic human need. What need did the computer expert ignore, according to the psychologist?
Economic Issues
Challenges related to the production, distribution, and consumption of goods and services within an economy.
Economic Swings
Refers to the fluctuations in economic activity over time, including periods of economic expansion and contraction.
Supply Shortages
A situation where the demand for a product or service exceeds the available supply, often leading to increased prices and scarcity.
Price Increases
A rise in the cost of goods or services, often due to factors like inflation, increased production costs, or higher demand.
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