Does consumerism adversely affect the income saving capacity of a family?How?
Answers
Answered by
8
The relationship between income and expenditure is the consumption schedule or consumption function in economics. When disposable income rises, consumption increases. The fraction of each dollar spent is the marginal propensity to consume. Consumption may exceed disposable income for low-income individuals.
Anonymous:
i don't want the relationship between income and expenditure.
Correction in the above comment- I
Hiii
Answered by
1
Yes it is true,that consumerism affects the income saving capacity of a family because it helps in the promotion of interests and also the costumers are buying more goods because of the interest they develop towards the goods which leads to more income for the sellers and helps them in saving more money, costumers who are buying goods have a fixed amount to pay towards the goods that they buy which helps them to save their income and budget accordingly.
Similar questions