Examlex
List any eight important characteristics of an executive information system (EIS).
Consumption
The process by which goods and services are used by households, contributing to the overall demand in an economy.
Induced Consumption
Induced consumption is the portion of consumer spending that varies with income levels, suggesting that as people earn more, they tend to spend more.
Disposable Income
Household fiscal resources for saving and spending following the deduction of income taxes.
Autonomous Consumption
The level of consumption that occurs when income is zero, representing the expenses that consumers must make for basic needs regardless of their income.
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