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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. Income–consumption curve - Wikipedia

    en.wikipedia.org/wiki/Income–consumption_curve

    In economics and particularly in consumer choice theory, the income-consumption curve (also called income expansion path and income offer curve) is a curve in a graph in which the quantities of two goods are plotted on the two axes; the curve is the locus of points showing the consumption bundles chosen at each of various levels of income.

  4. Consumer economy - Wikipedia

    en.wikipedia.org/wiki/Consumer_economy

    Charles Hugh Smith, writing for Business Insider, argues that while the use of credit has positive features in low amounts, but that the consumer economy and its expansion of credit produces consumer ennui because there is a marginal return to consumption, and that hyperinflation experts recommended investment in tangible goods.

  5. Permanent income hypothesis - Wikipedia

    en.wikipedia.org/wiki/Permanent_income_hypothesis

    Until A Theory of Consumption Function, the Keynesian absolute income hypothesis and interpretation of the consumption function were the most advanced and sophisticated. [2] [3] In its post-war synthesis, the Keynesian perspective was responsible for pioneering many innovations in recession management, economic history, and macroeconomics.

  6. Marginal propensity to consume - Wikipedia

    en.wikipedia.org/wiki/Marginal_propensity_to_consume

    In economics, the marginal propensity to consume (MPC) is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers). The proportion of disposable income which individuals spend on consumption is known as ...

  7. Price-consumption curve - Wikipedia

    en.wikipedia.org/wiki/Price-consumption_curve

    A Price-consumption curve. In economics, a price-consumption curve represents how consumers' consumption bundles change as the price of one good changes while holding income, preferences, and the price of the other good constant. [1]

  8. 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.

  9. Consumer spending - Wikipedia

    en.wikipedia.org/wiki/Consumer_spending

    The equation is GDP = C + I + G + NX, where C is private consumption, I is private investment, G is government and NX is the net of exports minus imports. Increases in government spending create demand and economic expansion. However, government spending increases translates to tax increases or deficit spending. This creates a potential ...