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zhannawk [14.2K]
3 years ago
10

When malcolm gets upset, he shops. though it never delivers on the promise fully, he can't stop believing that new possessions w

ill give him a new outlook on the upsetting situation. malcolm's belief that happiness and fulfillment can be achieved through the acquisition of material possessions is known as: asceticism. buyerism. code switching. consumerism?
Social Studies
1 answer:
Firlakuza [10]3 years ago
4 0
I believe that process is known as consumerism.
Consumerism refers to the process of acquiring goods of service in a larger amount than what we actually need.
This behavior shows a significant increase since the development of technology such as social media that makes individual able to observe the things that possessed by other individuals more easily.
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4 years ago
Which of the following statements is/are correct for the Market Equilibrium in the model of Supply and Demand?
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The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:

1) stable – if we are there we will stay there, unless outside forces change

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The correct answer is - option 4. all of the above statements are correct.

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According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.

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