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the difference between income and consumption
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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.
Differentiate between price consumption and income consumption curve?
the main difference in these is this that when price of any of commodity (x,y) decrees but the budget remain same it will show price consumption curve and when income increase and the price of commodities (x,y) remain same it will show the Income consumption curve.
What is the difference between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
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 the difference between income and earnings?
there is no difference.
What is the difference between personal income and disposable income?
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Consumption and savings schedule reveals that?
The consumption and savings schedule illustrates the relationship between income, consumption, and savings in an economy. It shows how households allocate their income between consumption and savings, typically indicating that as income increases, consumption rises but savings also increase. This schedule helps economists understand consumer behavior and predict economic trends, highlighting the trade-off between current consumption and future savings. Overall, it serves as a vital tool for analyzing the impact of income changes on economic stability and growth.
Difference between linear consumption function and non linear consumption function?
I have no idea. However, in theory there is a difference.
Difference between gross income and net income?
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Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
Income not used for consumption is considered as what?
The income that is not used for consumption is called disposable income
