Cycle of Prosperity

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  • Created by: Fiona S
  • Created on: 03-03-15 18:09
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  • The Cycle of Prosperity
  • 4) More products are sold, so more needs to be produced
    • 5) Companies need more workers to make more products
      • 6) More people with more jobs means that...
        • 3) More people can afford to buy these cheaper products
          • 4) More products are sold, so more needs to be produced
            • 5) Companies need more workers to make more products
              • 6) More people with more jobs means that...
                • 3) More people can afford to buy these cheaper products
    • 1) E.g. Mass Production leads to more products being made
      • 2) Companies can afford to sell their products for less
      • Steps 3 to 6 repeat in a cycle

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