Diversity Of Consumption And Globalization

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Register to read the introduction… Many Americans are used to getting the products they desire, at any cost. Trade with other countries is a necessity to the US because of the needs of the American people. Some examples of consumption could be wine, diamonds and gems, and vehicles. Another driving force in the global economy is cost of labor. Imagine the amount of money some companies would have to pay American workers to do the same work as some third world countries. Off shoring has become a big factor in the global economy. Many companies have opened customer service centers in different countries due to the savings. Clothing companies moved their manufacturing plants to other countries due to the cost of labor. Major stores in the US, for example, Wal-Mart, brings in most of their product from other countries to save money and pass that savings onto the consumer. Capitalism in the US has recently helped the global economy, the benefits of the Americans in the world’s marketplace is seen the return of money to the rest of the …show more content…
The US uses other products and services to trade with countries across the world to get all the products used in the production of homes. By building the homes for a new home community, builders hire workers, providing more jobs for the people. The housing market allows for the purchase of new homes, in return the resale market rises; the banks give loans and receive payoffs. New home communities provide a population shift, more tax dollars are moved, and schools and roads are built. Giving more jobs, and increasing the GDP. Another example of globalization in communities would be the recent decline in the housing sector. This has a dramatic effect on the Consumer Confidence Index (CCI). CCI measures the level of confidence by consumers regarding the condition of the economy and their spending control. With the downturn in the economy mainly from the number of foreclosures and surplus housing, the CCI is down. People now watch where they spend their money. In the passed decade, consumers would spend more money than they made. The prices of homes rose to all time highs, and so did debt. With cheaper products coming from overseas, people are now more cautious on where they spend their

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