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22 May, 15:19

Suppose that your want for something is "not original within yourself," but rather comes from seeing what your neighbor owns or watching a TV commercial. Galbraith would say that your want is:

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  1. 22 May, 18:48
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    Correct Anaswer: It is called dependence effect

    Explanation:

    John Kenneth Galbraith, a Canadian-American economist studied about the wants and needs of an individual. He was able to find a relationship between original need and needs based on being influenced by an external factor such as advertisment.

    One of the signature ideas which Galbraith is known is called the Dependence Effect, which states that advertising convinces people that they need things that they don't really need.
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