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− | The '''consumer economy''' is that portion of the overall economic system that is dependent on individual or household consumer expenditures. Goods that embody the consumer economy would include [[food]], clothing, housing, [[furniture]], appliances, [[automobile]]s, etc.; while services that comprise the consumer economy would include [[restaurant]]s, hospital care, personal [[bank]]ing, commercial airlines, etc. Thus, the consumer economy is distinct from (yet related to) the industrial economy which emphasizes trade between corporations (investment banking, industrial machinery, [[chemical]]s, etc.), and the public sector which involves the delivery of governmental services (bridges and roads, sewer, public education, etc.). | + | The '''consumer economy''' is that portion of the overall economic system that is dependent on individual or household consumer expenditures. Goods that embody the consumer economy would include [[food]], clothing, housing, [[furniture]], appliances, [[automobile]]s, etc.; while services that comprise the consumer economy would include [[restaurant]]s, private hospital care, personal [[bank]]ing, commercial airlines, etc. Thus, the consumer economy is distinct from (yet related to) the industrial economy which emphasizes trade between corporations (investment banking, industrial machinery, [[chemical]]s, etc.), and the public sector which involves the delivery of governmental services (bridges and roads, sewer, public education, etc.). |