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Jean Piaget gained insight into the development of cognitive structures through careful observation of:
Disposable Income
Post-tax funds households can use for expenditure and savings.
Induced Consumption
Consumer spending that is influenced by changes in income levels, as opposed to spending that is not influenced by such changes.
Disposable Income
The funds that are available to households for saving and spending activities after the deduction of income taxes.
Induced Consumption
The portion of consumer spending that increases with an increase in disposable income, implying that as people earn more, they tend to spend more.
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