Hello, I am looking for someone to write an essay on Explain how the corporate guided market mitigates the threat of under-consumption in the system of abundance. It needs to be at least 250 words.
Many people may fail to engage in consumption because they lack the necessary information about the available commodities. Therefore, by engaging in activities like branding and advertising, the potential consumers would be equipped with the information about the production, use and benefits of various commodities in the market. Through this, they would be lured to buy them thus increasing their consumption levels to match the level of production (Keynes 75).
Apart from intensive marketing of the available commodities, the corporate guided market should consider reviewing the labor market. Since under consumption is attributed to low or stagnated wages, the employees should be offered higher and reasonable wages that correspond with the kind of work that they offer. This can help in empowering them to have enough income that they can use in purchasing all the available commodities in the market (Sullivan & Steven 29). After all, they are produced to be fully