Economy, asked by atif1211, 1 year ago

Explain Life cycle Hypothesis of consumption.

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Answered by Vaibhavverma73
0

Hey mate!

I am here with your answer!

In economics, the life-cycle hypothesis (LCH) is a model that strives to explain the consumption patterns of individuals. ... They intend to even out their consumption in the best possible manner over their entire lifetimes, doing so by accumulating when they earn and dis-saving when they are retired.

Hope this helps you!

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