Economy, asked by naeem10, 1 year ago

Define consumption and consumption function? ​


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Answers

Answered by taibak32
8

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The consumption function or propensity to consume refers to income consumption relationship. It is a “functional relationship between two aggregates, i.e., total consumption and gross national income.”☺️☺️☺️☺️

Answered by parimala0
6

consumption: this is using or taking in hand of any particular material, object ,work or any useful edible item is called as consumption

consumption function: to take in group and usage

mainly this is done in our body such as our stomach consuming

and in other hand it is used in markets

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