What should be the consumption trend for increasing the level of employment
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An increase of consumption raises GDP by the same amount, other things equal. Moreover, since current income (GDP) is an important determinant of consumption, the increase of income will be followed by a further rise in consumption: a positive feedback loop has been triggered between consumption and income.
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Some of the measures to increase consumption spending are: 1.
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7 Measures to Increase Consumption Spending
Redistribution of Income: ...
Wage and Income Policy: ...
Social Security: ...
Consumers' Credit: ...
Urbanisation Trend: ...
Advertisement and Sales Propaganda: ...
Tax Reduction:
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