Examlex
The phenomenon of variables combining to produce an effect that is different from the effect of either variable alone is the
Induced Consumption
The portion of consumer spending that increases as disposable income rises, typically leading to more purchasing.
Disposable Income
The envelope of funds available to households for the purposes of saving and spending after adjusting for income taxes.
Consumption
The use of goods and services by households for personal needs or to maintain their standard of living.
Autonomous Consumption
Consumption spending that occurs even when income is zero, representing the basic level of consumption necessary for survival.
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