how has the economy play a role when it comes to people and credit cards. or better yet, how has credit cards effect the ecomony.
2006-09-25 05:03:59 · 4 answers · asked by Anonymous in Social Science ➔ Sociology
Credit cards boost the common persons purchasing capabilities. Without credit cards people, must save to make large purchases, making less people actually purchasing anything, which slows the economy down.
2006-09-25 05:15:02 · answer #1 · answered by boogatt66 3 · 0⤊ 0⤋
Try doing a search in google on "how credit cards effect the economy" I found a lot just by doing that.
2006-09-25 12:10:32 · answer #2 · answered by swtstrbry9 3 · 0⤊ 0⤋
Beide zusamman.
Both together.
In 2006, You can't have a growing economy in the USA without credit, and mortgages, and loans..........they effect the economy usually for the better.
2006-09-28 19:39:21 · answer #3 · answered by May I help You? 6 · 0⤊ 0⤋
credit cards get people in debt because they spend money they don't have!!
2006-09-25 17:49:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋