Examlex
The attempt to ensure that governing bodies are representative of major demographic groups in proportions similar to their representation in the population at large is known as
Induced C
Induced consumption, which refers to the spending by households that varies with income levels.
Induced Consumption
Induced consumption is the portion of consumer spending that increases with income, implying that as people earn more, they tend to spend more.
Disposable Income
Available monetary resources for households post-income tax for spending and saving purposes.
Consumption
The use of goods and services by households. It is a primary component of economic activity and a key indicator of economic health.
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