In a Two-Dimensional Graph Showing the Relationship Between Income and Consumption

question 47

Essay

In a two-dimensional graph showing the relationship between income and consumption in the economy, what is shown on the vertical axis and what is shown on the horizontal axis?

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Definitions:

Facilitating Function

Activities that assist in the movement of goods from the producer to the consumer, including transportation, storage, and financial services.

Channel Intermediaries

Organizations or individuals that act as middlemen in the distribution process, helping to move products from the manufacturer to the consumer.

Direct Channel

A method of distribution where a company sells its products or services directly to consumers without the use of intermediaries.

Producers

Entities or individuals that create, manufacture, or supply goods and services for consumption by consumers or other businesses.