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The person at a desk in the lobby of a hotel who assists guests with restaurant reservations, directions, tickets to shows and other advice is the:
• Valet
• Front desk associate
• Assistant rooms manager
• Concierge
Consumption
The act of using goods and services by households, contributing to the overall demand in an economy.
Consumption Function
An economic formula that represents the relationship between total consumption and gross national income.
Disposable Income
The financial resources families have for expenditures and savings after income taxes are removed.
Disposable Income
The total funds available to families for spending and saving after subtracting income tax.
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