Question

Show the relationship of income with expenditure of a family.​

Answer 1

Answer:

The relationship between income and expenditure is often called a consumption schedule. It is used to describe economic trends in the household sector. When there is more money or anticipation of income, more goods are purchased by consumers

Answer 2

The relationship between income and expenditure is often called a consumption schedule. It is used to describe economic trends in the household sector. When there is more money or anticipation of income, more goods are purchased by consumers.