Discuss the concepts of Balanced and Co-eonsumption in context of their validity in present time.
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The idea of balanced and co-consumption is the way of controlling the consumption of natural resources for the development of the economy.
Explanation:
- Rapid industrialization, excessive consumption of materials and natural resources have affected the environment and had put up pressure on the condition of the socialist and capital economy. The two ways of controlling the consumption is invented by an economist to solve the issue.
- The balanced consumption is the way in which the money consumption is made limited to the needs only and earning more money than the fulfillment of needs is made punishable. The co-consumption states the importance of sharing one’s consumption with others.
Learn more about balanced consumption
Explain the concept of balanced consumption.
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