Question

an analysis consumption patterns among housewives in a middle -= income community

Answer 1

Answer:

This Commentary investigates whether there has been a growing divergence in the consumption of luxury and necessity goods across income classes. The analysis shows that while necessities represent a majority of the consumption basket for lower and middle income quintiles, their consumption of necessities in inflation-adjusted dollars has been declining in the face of higher prices of such goods and stagnant income growth. Higher income quintiles have seen increases in their consumption of luxuries, simultaneous with a decline in their consumption of necessities.

Explanation:

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Answer 2

The income community of the households plays a vital role in the economy of the country.

• In a family consisting of mother, father, and children, the daily expenses spent by them to obtain goods depend on the income earned by the parents.

• It is noted that the income earned by a family is said to be in the range of Rs 40,000-50,000 per month, purchases more than the people who earn only 4 digits.

• This clearly states that families with money have the desire to fill their life with materialistic things and families who are fighting every day for food are considered to be a true form of struggle.