Friedman Pioneered the Idea That Consumption Is Based on Both

question 87

True/False

Friedman pioneered the idea that consumption is based on both wealth and income.

---

Definitions:

Firms

Business organizations engaged in commercial, industrial, or professional activities, either for-profit or not-for-profit, characterized by a structured management and operational system.

Managing Assets

The practice of efficiently and effectively overseeing and allocating a company's tangible and intangible assets to maximize value.

Financial Manager

A professional responsible for managing an organization's financial health, developing strategies, and plans for long-term financial goals.