Choose the given statement that is true/false:

An industrial society based on mass consumption cannot be sustained without mass consumption.

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Detailed Solution

The above statement is true.
An industrial society based on mass consumption cannot be sustained without mass consumption.
The introduction of mass production in the US economy in the 1920s by Henry Ford boosted the economy. Mass consumption has led to prosperity in the US. Significant investments in housing seemed to create a cycle of increase in employment and incomes of the people. Because of this, consumer demand increased. The process continued on and on and led to the prosperity of the US. Mass production lowered the cost of production, and due to this, its affordability increased. A more comprehensive section of society can access these mass-produced durable goods.

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