How this consumer behavior will impact the economy

Reference no: EM133706700

Question: A survey run by McKinsey about consumer behavior has revealed the following: 75% of consumers are engaging in "deal-seeking", with 60% are adjusting the quantities they're buying 44% of consumers are delaying purchases of nonessential items 37% of consumers are switching retailers for lower prices and discounts What insights can you derive from these statistics about how this consumer behavior will impact the economy and what policies can be crafted from them to support both consumers and businesses? Is there anything that the government needs to be worried about when it comes to influence consumer behavior and why?

Reference no: EM133706700

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