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3 years ago

From 1980 to 2005, which sectors experienced an increase in demand? Which sector experienced a decrease in demand?

Social Studies

1 answer:

almond37 [142]3 years ago

5 0

Answer:

Increase:

- Service Sectors

- Real estate sectors

Decrease:

- Low quality Agricultural products

Explanation:

Starting from mid 1980s to 2005, United States experienced an economic boom that increase the average income of the citizens. This provide more money for the people to spend on something that is not considered as their basic needs.

This leads to an increase in demand for:

- Service Sectors

Having more income means that citizens will become more likely to delegate their tasks. The service sectors provided that opportunity for them.

- Real Estate Sectors.

having more income also means that the people have more money to be put on investment. Many of them choose to do this by buying private properties

But, this lead to a decrease in demand for:

- Cheap Agricultural products

As their disposable income increased, people wanted to increase their standard of living. They opted for foods with higher price and quality and start to abandon the products with lower quality.

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