The dependence effectâ€o- Describe the two assumptions of consumer demand theory as Galbraith explains it. o- Explain how Galbraith undermines those assumptions. o- According to Galbraith, the argument that production is dependent on consumer demand, which is dependent on advertising, is dangerous because most economists would sense â€œthe damage to established ideas which lurks in these relationships.â€ Discuss what he means by this
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