During economic downturns, sales of small luxury items like lipstick tend to increase as consumers seek affordable indulgences.
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As an avid freakonmics listener, I decided to compile a list of my own personal favorite economic facts and.
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Similar ideas to The Lipstick Effect
The French philosopher Denis Diderot became a wealthy man at age 52 and was able to afford small indulgences.
He started with a scarlet robe and continued with other items, because they were not matching the elegance of that robe. The joy of everything he bought was short-lived. Piece ...
The idea of people as consumers took shape before WWI, but it became more common in America in the 1920s.
People have always consumed the basics of life - food, clothing, shelter. They had to work to get them, but there was little economic motive for increased consumption ...
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