what is average spending power
It is the part of consumption that does not depend on income.
Inflation occurs when people aren't spending money, thus meaning if a consumer is spending money the prices will generally be lower, also if there is a high demand for that product
Buying power and spending patterns are influenced by several factors, including income levels, inflation rates, and consumer confidence. Higher disposable income typically increases purchasing power, while rising inflation can erode it, leading consumers to adjust their spending habits. Additionally, demographic factors, such as age and education, can shape preferences and priorities in spending. Economic conditions, such as recessions or booms, also play a crucial role in determining overall consumer behavior.
what is average revenue?
mandatory spending refers to money that lawmakers are required by existing laws to spend on certain programs and discretionary spending is spending about which government planners can make choices
Total takings/number of guest = mean average
spending more than you have or can afford to spend
The average spending per year for households in the United States is around 60,000.
If you have money to spend after paying taxes and all expenses, you have spending power according to the amount of money you have left over. A tourist with spending power has money to spend after all travel expenses are paid or accounted for.
Spending within budget
i am not shure
Average $200 - $300 For me $500
Meaning is that you are spending more than you are making.
It needs to be in pursuit of the general welfare
Spending that congress and the president have no power to change directly. Examples: Social Security, Medicare, etc.
It is the part of consumption that does not depend on income.
$4500