Examlex
Which statement explains why Immanuel Wallerstein's classification is preferred by sociologist?
Disposable Income
Monetary allocations for households after income taxes, intended for spending and saving.
Consumption
The total value of goods and services consumed by households and government within a country.
Disposable Income
The budget left for household savings and spending after the deduction of income taxes.
Autonomous Consumption
The level of consumption that occurs when income is zero, representing basic necessities that individuals will purchase regardless of their income.
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