Why is consumption important in the country


Problem

The income or salary of an individual is the source to consume, the worker must make decisions about the levels of consumption and the different options of products that he is going to consume.

a) Is salary the same as purchasing power? Explain the difference.
b) How does consumption behave when there is an increase or decrease in income? Explain the variations.
c) Why is consumption important in the country? Support your intervention.

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: Why is consumption important in the country
Reference No:- TGS03320343

Expected delivery within 24 Hours