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How is consumer capitalism distinct from producer capitalism? Question 8 Answer a. Consumer capitalism refers to the behaviour of consumers, producer capitalism to the behaviour
How is consumer capitalism distinct from producer capitalism? Question 8 Answer a. Consumer capitalism refers to the behaviour of consumers, producer capitalism to the behaviour of producers in the same economic system. b. In consumer capitalism, consumers are exploited both through low wages and low-quality products sold at high prices. c. In producer capitalism, people's social value comes from what they are able to produce, rather than what they consume as status symbols. d. In consumer capitalism, consumers have more power and are able to demand higher quality products at lower prices
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