0
the difference between income and consumption
Cassandra Carroll
Add your answer:
Earn +20 pts
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.
Difference between linear consumption function and non linear consumption function?
I have no idea. However, in theory there is a difference.
What is the difference between income and earnings?
there is no difference.
What is the difference between personal income and disposable income?
a
Income not used for consumption is considered as what?
The income that is not used for consumption is called disposable income
Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
Difference between gross income and net income?
JLJLHLHLHIIH
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.
Explain the link between income consumption curve and Engel curve?
Its the same I think :)
