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Income and taxes
The income that is not used for consumption is called disposable income
Personal income distribution and functional income distribution :)
write a note on determinates of income elasticity of demand
income consumption curve is the collection of points of the consumer's equilibrium resulting from varying income.....
Objective determinants of consumption include factors such as income, prices, and interest rates that impact how much individuals can afford to spend. Subjective determinants of consumption involve personal preferences, tastes, and attitudes towards saving and spending that influence consumer behavior. Both types of determinants interact to shape overall consumption levels in an economy.
Income and taxes
There are following non-income determinants 1.wealth 2.Expenditure 3.Investment 4.House-hold debts 5.Interest rate
Incomes and prices are seen as consumption's two major determinants. The determinants are as follows 1) Current disposable income 2) Relative income 3) Life cycle income 4) Wealth 5) Price Level 6) Rate of Interest 7) Expected future income 8) Others: advertisement, social safety-net, availability or scarcity of loan, geographical location, weather etc.
The income that is not used for consumption is called disposable income
Philip Musgrove has written: 'U.S. household consumption, income, and demographic changes, 1975-2025' -- subject(s): Income, Economic aspects, Consumption (Economics), Population 'Determinants of urban household consumption in Latin America' -- subject(s): Consumption (Economics), Consumers 'Health Economics' 'Public and private roles in health' -- subject(s): Medical care, Finance, Heaven 'The ECIEL study of household income and consumption in urban Latin America' -- subject(s): Consumption (Economics), Income distribution
wealth price level rates of interest and taxes expectations for future prices, money income and availability of goods consumer indebtedness
Alissa Goodman has written: 'Permanent differences?' -- subject(s): Consumers, Consumption (Economics), Income distribution, Political aspects, Political aspects of Consumption (Economics), Statistics, Wage differentials 'Inequality in the UK' -- subject(s): Income distribution, Statistics
Peter J. Matlon has written: 'The size, distribution, structure, and determinants of personal income among farmers in the north of Nigeria' -- subject(s): Economic conditions, Farm income
Personal income distribution and functional income distribution :)
write a note on determinates of income elasticity of demand
Income, Substitutes, complementary goods, tastes and preferences are some of the non-price determinants of demand.