Mass Production Has Led to Critical Consumption as People Are

question 63

True/False

Mass production has led to critical consumption as people are forced to make careful decisions regarding what is needed and what is excess.

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Definitions:

Output

The total amount of goods and services produced by an economy, firm, or machine over a specific period.

Sweaters

Clothing items worn on the upper part of the body, typically knitted or crocheted, designed to keep the wearer warm.

Scarves

Long or square pieces of cloth worn around the neck, head, or shoulders for warmth, cleanliness, fashion, or religious reasons.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.