1) E.g. mass production leads to more products being made
2) Companies can afford t sell their products for less
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... (go to point 3)
Steps 3 to 6 repeat which is why it is called the cycle of prosperity.
Comments
No comments have yet been made