Yes, consumption can definitely drive economic growth. When people spend more, it increases demand for goods and services. This encourages businesses to produce more, which means they need to hire more workers. As more people get jobs, they have more money to spend, which further boosts consumption. This cycle can lead to economic growth, as consumer confidence and spending patterns play a big role in stimulating the economy.
Yes, consumption can definitely drive economic growth. When people spend more, it increases demand for goods and services. This encourages businesses to produce more, which means they need to hire more workers. As more people get jobs, they have more money to spend, which further boosts consumption. This cycle can lead to economic growth, as consumer confidence and spending patterns play a big role in stimulating the economy.