Because They Are Often Lonely, Bored, and Looking for Contact

question 7

True/False

Because they are often lonely, bored, and looking for contact with others, older retired people often make excellent hospitality employees.

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Definitions:

Induced Consumption

The concept that the level of consumer spending increases as disposable income rises, and decreases as disposable income falls, all else being constant.

Induced Consumption

Induced consumption is the portion of consumer spending that increases with an increase in disposable income.

Disposable Income

The finance available to households for expenditures and saving after reducing income taxes.

Disposable Income

Money that households can earmark for spending and saving after income taxes are considered.