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-Nuremberg laws
Disposable Income
The income left over for personal spending after direct taxes have been subtracted from an individual’s gross income.
Consumption
The use of goods and services by households or individuals, typically relating to spending on products and services.
Permanent Income Hypothesis
A theory suggesting that a person's consumption at a point in time is determined not just by their current income but by their longer-term income expectations.
Consumer Binge
A period characterized by excessive spending and consumption by consumers.
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