Meaning Consumption function
What does Consumption function mean? Here you find 4 meanings of the word Consumption function. You can also add a definition of Consumption function yourself
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Consumption functionA schedule of the amounts of their disposable income that individuals tend to devote to consumption at various levels of income.
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Consumption functionThe function relating aggregate consumption to aggregate income and sometimes other variables such as wealth.
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Consumption functionGenerally, the relationship between consumer expenditures and all the influences that determine them. More specifically, the relationship between consumers' disposable incomes (personal income le [..]
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Consumption functionKeynes (1936) introduced the consumption function as the relationship between consumption and income. Although Keynes (pp. 95–6) believed this relationship ...
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| << Consumer surplus | Consumption spending >> |
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