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Farrah took a photograph of a parade that passed by the window of the office where she worked, and submitted it to the local newspaper along with a short report on the celebrations. If another newspaper copies the picture that was published by the newspaper to which Farrah gave the picture, the second newspaper would be liable for infringement.
Disposable Income
The net financial position of households for spending and saving, after accounting for income taxes.
Consumption
Consumption encompasses the acquisition and use of goods and services by households to satisfy their needs and wants.
Induced Consumption
Consumer spending that is influenced by changes in income, differentiating from autonomous consumption which does not vary with income.
Disposable Income
The liquidity households have for spending and saving, after income taxes have been deducted.
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