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Arte-miy333 [17]
3 years ago
13

How did baby boomers affect the economy in the 1950's?Do they still affect the economy?How so?

History
1 answer:
yan [13]3 years ago
4 0

Answer:

In the 1950's, manufacturers of baby products reaped huge profits due to the exceptionally high demand as the population increased after World War 2. Baby Boomers are now regarded as the generation that had the best work ethic, but now that they've grown, they're all reaching the age of retirement. Not only do retirees produce and contribute less in an economic sense, they tend to spend less as well, which is not a good recipe for economic growth.

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Agriculture allowed the first communities to have enough food for all the settlers. In addition, the first agricultural revolution allowed the growth of the population because when the communities were nomads they were exposed to dangers such as:

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While settling in a place they had a greater life expectancy.

According to the above, options B, C and D are characteristic of the agricultural revolution, while A is not a characteristic because the population grew during that time.

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