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Different between consumption and consumption function?
The difference between consumption and consumption function is that the consumption function is a formula that measures consumer spending.
WHAT IS Short run consumption function?
short run consumption function
Factors influencing economic growth?
That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).
What is the difference between consumption consumption function?
consumption is that money who you consume on any thing and the consumption function is that relation who tell you the consuming level on your every money income level.
How does price level influence consumption?
typically the higher the price the lower the consumption
Difference between linear consumption function and non linear consumption function?
I have no idea. However, in theory there is a difference.
Factors influencing consumption function?
Factors determining consumption function Broadly speaking, there are two factors, which influence consumption function in the long run. They are 1. Subjective Factors.2. Objective factors. 1. Subjective factors:Subjective factors basically underlie and determine the form of the consumption; the subjective factors are internal or endogenous in nature. They mainly depend upon the personal decisions taken by the people. Keynes has listed eight main motives, which compel people to refrain from current spending. They are the motives of precaution, foresight, calculation, improvement, independence, enterprise, pride and avarice. In addition to these factors, he has also added a list of motives, which leads to consumption. "We could also draw up a corresponding list of motives to consumption such as enjoyment, short sightedness, generosity, miscalculation, ostentation and extravagance" Keynes. II. Objective factors Objective factors are those, which depends on merits and facts. In this case personal factors will not come into picture. The following are some of the important objective factors, which influence consumption. 1. Distribution of national income, 2. Fiscal Policy, 3. Money income, 4. Real income, 5. Price and wage level, 6.Changes in tastes and fashion, 7. Changes in expectations, 8. Windfall (Sudden) gains and losses, 9. The level of consumer Indebtedness, 10.Attitude towards thrift 11.Liquid assets, 12. Social and life insurances, 13. Rate of interest, 14. Business policies of corporations, 15 demonstration effect, 16. Changes in expectations, and 17 Installment buying, etc. The objective factors generally remain unchanged in the short period. Thus, propensity to consume in the short period is generally stable. It is because of this, Keynes places his reliance on investment for the purpose of increasing employment during depression.
What are factors that influence supply?
what are the factors that influence supply
What factors may influence the speed at which enzymes function?
Temperature is definitely one. USUALLY, the higher the temperature, the faster the reaction.
What are 3 factors that might influence a medicines effect?
kidney function, weight, and patient compliance to taking the medication as prescribed
If the consumption function is C50 0.75y then the marginal propensity to consume is?
If the consumption function is C50 0.75y then the marginal propensity to consume is?
Who developed the consumption function?
The consumption function was developed by John Maynard Keynes. The function was outline in his book titled 'The General Theory of Employment, Interest and Money'.
