What Is Planned Obsolescence? Do an Inventory of Items Around

question 35

Essay

What is planned obsolescence? Do an inventory of items around your hose. List 10 items you expect to hang on to for life! List 10 items that will likely be discarded or become unusable within the next year.

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Definitions:

Excess Supply

A situation where the quantity of a good or service that is available surpasses the quantity demanded at a current price, often leading to a price decrease.

Value of Money

The purchasing power of money, which can be affected by inflation and economic conditions.

Price Fell

A situation where the market price of a good or service decreases.

Price Level

An index or measurement that reflects the average prices of goods and services in an economy at a given time.