6A – Identifying Opportunities in Economic & Regulatory Trends
Economic Trend: Consumer Spending Slowly Grows -A: https://www.forbes.com/sites/billconerly/2017/09/08/economic-forecast-2018-2019-consumer-spending-grows-slowly/#7ddd76ec3ba7 -B: Here, there is an opportunity for sales within any industry in America. As people's disposable incomes increase, there opportunity to spend more on nonessential goods increases. This allows opportunity for more jobs and allows companies who sell luxury goods to make more of a profit. -C: The prototypical consumer would be any worker earning a steady income who has enough left to spend on nonessential goods i.e. luxury goods. As long as their income is not decreasing, a consumer will continue to purchase goods that are not essential for them, like fancier clothes, vacations, nicer home products, eating at lavis...