Induced consumption
id:
induced-consumption-240-4997796
title:
Induced consumption
text:
Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income. For instance, expenditure on a consumable that is considered a normal good would be considered to be induced. In the simple linear consumption function, C = a + b × Y d induced cons
brand slug:
wiki
category slug:
encyclopedia
description:
Consumption that varies with income
original url:
https://en.wikipedia.org/wiki/Induced_consumption
date created:
date modified:
2023-10-27T19:26:44Z
main entity:
{"identifier":"Q6027200","url":"https://www.wikidata.org/entity/Q6027200"}
image:
fields total:
13
integrity:
14