Board Thread:Questions and Answers/@comment-4913775-20160107224156/@comment-4913775-20160109184612

Candiesrgood wrote: A consumption-oriented economy is an economy fueled by the consumption of goods. An example is the United States.

In contrast an export-oriented economy is fueled by exports, basically they manufacture goods to sell to other countries then use the profit. They're more prone to changes in external demand. Examples are China, South Korea, and Japan. Okay, that's what I thought. Thank you for explaining this. :)