Social Studies, 02.11.2019 03:31 iiMxlissaii

How social welfare will be affected by an increase in the level of competitive consumption for a few?

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Answer from: quan1541

Social comparison and the need to "keep up" or belong to a social group, is becoming more evident everyday. In economic terms, "competitive consumption" is a relatively new economic behavior through which a person's well-being depends on his or her relative consumption in relation (compared) to others. The statement that social welfare is affected by competitive consumption is a matter of discussion among not only professionals in economy but also among behavior analysts. Welfare is defined as "the health, happiness, and fortunes of a person or group". In this sense, the fact that the increase in the level of consumption could improve social welfare could be highly arguable.

Answer from: Quest

john social contacted the noble of religous

Answer from: Quest

question 1

the reasons for the global discontent in the early 1900s were the following:

desire for independence was the main fight of many territories which were still under the control of colonial powers. dissatisfaction with peace terms of wwi . the best example is the case of germany, that was forced by the peace treaties to pay very expensive war reparations to the winners of wwi. some time later, german leaders broke relations and stopped recognizing the authority of those who imposed sanctions on their country, counting with the support of the population that was suffering the important economic consequences of the payment of reparations. overproduction of consumer goods which led to hyperinflation scenarios and very week currencies and economies.

question 2

the reasons for the great depression were the following, and these led to wall street crash in october 1929 and caused the subsequent great recession period.

high personal debt, that ended up with many bankrupt investors. falling stock price as everybody was getting rid of the stocks, many because they could not meet the amounts of money required by the margins that backed their investments.

question 3

italy: led by the fascists and benito mussolini and promised to restore the greatness of the roman empire. germany: led by adolph hitler and the nazi party and conducted anti-jewish riots in austriajapan: was controlled by aggressive military leaders and invaded countries for their resources

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