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If we were to graph two variables,let's say,height (in inches) and GPA,and the graph showed points scattered about in a formless shape,we could say there is:
Disposable Income
Financial holdings households can direct towards spending and saving activities after tax deductions.
Consumption
The act of using up goods and services to satisfy human needs and wants, considered a principal component of GDP.
Durable Goods
Goods that are intended to last for a long period of time, such as cars, appliances, and furniture, typically requiring more significant investment than non-durable goods.
Nondurable Goods
Items that are consumed or are only useable for a short period before they need replacement due to wear or consumption.
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