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  2. Consumption (economics) - Wikipedia

    en.wikipedia.org/wiki/Consumption_(economics)

    Consumption is the act of using resources to satisfy current needs and wants. [1] It is seen in contrast to investing, which is spending for acquisition of future income. [2] Consumption is a major concept in economics and is also studied in many other social sciences. Different schools of economists define consumption differently.

  3. Consumption function - Wikipedia

    en.wikipedia.org/wiki/Consumption_function

    Graphical representation of the consumption function, where a is autonomous consumption (affected by interest rates, consumer expectations, etc.), b is the marginal propensity to consume and Yd is disposable income. In economics, the consumption function describes a relationship between consumption and disposable income.

  4. Intermediate consumption - Wikipedia

    en.wikipedia.org/wiki/Intermediate_consumption

    Intermediate goods or services used in production can be either changed in form (e.g. bulk sugar) or completely used up (e.g. electric power). Intermediate consumption (unlike fixed assets) is not normally classified in national accounts by type of good or service, because the accounts will show net output by sector of activity.

  5. Personal consumption expenditures price index - Wikipedia

    en.wikipedia.org/wiki/Personal_consumption...

    The personal consumption expenditure (PCE) measure is the component statistic for consumption in gross domestic product (GDP) collected by the United States Bureau of Economic Analysis (BEA). It consists of the actual and imputed expenditures of households and includes data pertaining to durable and non-durable goods and services .

  6. Robinson Crusoe economy - Wikipedia

    en.wikipedia.org/wiki/Robinson_Crusoe_economy

    A Robinson Crusoe economy is a simple framework used to study some fundamental issues in economics. [1] It assumes an economy with one consumer, one producer and two goods. The title "Robinson Crusoe" is a reference to the 1719 novel of the same name authored by Daniel Defo

  7. GDP deflator - Wikipedia

    en.wikipedia.org/wiki/GDP_deflator

    The basket is allowed to change with people's consumption and investment patterns. [2] Specifically, for the GDP deflator, the "basket" in each year is the set of all goods that were produced domestically, weighted by the market value of the total consumption of each good.

  8. Product lifetime - Wikipedia

    en.wikipedia.org/wiki/Product_lifetime

    Therefore, if product lifetimes can be extended, the use of energy, embodied in carbon, can be reduced and progress can be made towards reducing greenhouse gas emissions: Bocken et al. [7] term this "Slowing resource loops" (309, their emphasis). In addition, excessive waste generation has been attributed to short-lived goods and a throwaway ...

  9. Demand forecasting - Wikipedia

    en.wikipedia.org/wiki/Demand_forecasting

    Calculating demand forecast accuracy is the process of determining the accuracy of forecasts made regarding customer demand for a product. [14] [15] Understanding and predicting customer demand is vital to manufacturers and distributors to avoid stock-outs and to maintain adequate inventory levels. While forecasts are never perfect, they are ...