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Social Darwinists in the nineteenth century argued
Consumption
The total amount of goods and services consumed by households and individuals in an economy.
Consumption Function
An economic formula that depicts the relationship between total consumption and gross national income, indicating how income affects spending.
Future Expectations
Anticipations or predictions about the economy or financial markets based on current events or trends that can influence consumer and investor behaviors.
Market Interest Rate
The prevailing rate at which borrowers can obtain loans and savers can earn on their investments in the open market.
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