Search results
Results from the WOW.Com Content Network
A disposable (also called disposable product) is a product designed for a single use after which it is recycled or is disposed as solid waste. The term is also sometimes used for products that may last several months (e.g. disposable air filters) to distinguish from similar products that last indefinitely (e.g. washable air filters).
Consumables are products that consumers use recurrently, i.e., items which "get used up" or discarded. For example, consumable office supplies are such products as paper, pens, file folders, Post-it notes, and toner or ink cartridges.
The last century of economic growth saw both increased production and increased product waste. Between 1906 (the start of New York City waste collections ) and 2005 there was a tenfold rise in "product waste" ( packaging and old products), from 92 to 1,242 pounds (42 to 563 kg) per person per year.
Aggregate consumption is a component of aggregate demand. [8]Consumption is defined in part by comparison to production.In the tradition of the Columbia School of Household Economics, also known as the New Home Economics, commercial consumption has to be analyzed in the context of household production.
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 ...
Pages in category "Disposable products" The following 42 pages are in this category, out of 42 total. This list may not reflect recent changes. ...
Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]
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.