According to Galbraith's "dependence effect",
A) production depends upon wants.
B) advertising depends on the wants of the consumer.
C) consumer demand tends to be shaped by the production process.
D) advertising depends on consumerism.

Question

Quizplus · Accepted Answer

Galbraith's "dependence effect" suggests that production tends to shape consumer demand, rather than the other way around. This is because the production process creates new desires and wants through advertising and marketing, which are then adopted by consumers. Therefore, consumer demand is dependent on the production process, rather than the other way around.

According to Galbraith's "Dependence Effect