Consumer confidence declines result in lower consumption spending, which pushes the economy into a recession.
An economy is a collection of interconnected production and consumption processes that ultimately decide how resources are distributed within a community. The demands of persons who live there and conduct business there are met by the development or consumption as a whole.
An economy is made up of customers who purchase goods and services, businesses that employ consumers and produce commodities, and various levels of government that purchase goods, hire labor, and collect taxes.
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