News Story Essay Example | Topics and Well Written Essays - 1000 words

News storey - Essay ExampleIrrespective of these market determined prices of goods and services economies goes through various phases of boom and depression, a fact that affect consumers ability to afford some goods and services over time (Martha, 1989). Tracing this changes in the 1920s indicated a need to establish measurings that can help consumers boost their affordability of various goods and services (Martha, 1989).Introducing these measure which included among others credit buying were established to help consumers get goods and services which otherwise could have been kayoed of their urinate. confidence buying is where a consumer is given with a promise to pay subsequently (Martha, 1989). It therefore room that with this mode an individual would be able to access goods and services that otherwise would have been out of his reach and pay for them later when he is able or in installment (Martha, 1989). Credit comes in disparate forms and has evolved since 1920s, incorpo rating technology and other modern means of payment. The most modern form of credit buying has unified the concept of plastic money and is to most popular known as credit cards (Martha, 1989)Credit buying as indicated in the introduction allows buyers to get good and services now and pay for them later (Martha, 1989). The 1920s introduced many modern conveniences and was commonly referred to as the roaring 20s for this reason. These period marked sweep over rise of modern consumer culture (Martha, 1989). This meant rise in exciting opportunities to buy stylish clothing, cars and house appliances that delineate status and comfort. Among these modern conveniences was the concept of buying on credit to help consumers buy not just within their means. With the surge of new exciting opportunities, new financing modes were introduced to help consumers cope with increase need for an easy life (Martha, 1989). New products in the 1920s