Question

write in brief on consumption level of the people​

Answer 1

Consumption is the value of goods and services bought by people. Individual buying acts are aggregated over time and space. Consumption is normally the largest GDP component. Many persons judge the economic performance of their country mainly in terms of consumption level and dynamics.People's expectations and attitudes also affect consumption spending. ... either in his income or in the price level, should consume more than one who expects no change or decrease ...

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