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Induced consumption

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25: 586: 132:. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for 192: 227: 254: 274: 319: 390: 568: 89: 61: 646: 356: 651: 68: 42: 627: 129: 108: 75: 383: 57: 277: 46: 376: 548: 152: 199: 620: 428: 413: 125: 82: 35: 510: 505: 418: 133: 344: 601: 469: 553: 520: 232: 144: 8: 558: 495: 136:
do not vary with income. For instance, expenditure on a consumable that is considered a
613: 515: 500: 479: 464: 399: 259: 525: 443: 352: 563: 438: 531: 459: 289: 597: 299: 294: 640: 433: 137: 474: 320:"The Difference Between Induced Consumption and Autonomous Consumption" 593: 368: 24: 585: 262: 235: 202: 155: 351:(12th ed.). Cengage Learning. pp. 259–60. 49:. Unsourced material may be challenged and removed. 268: 248: 221: 186: 638: 196:induced consumption is represented by the term 621: 384: 628: 614: 391: 377: 109:Learn how and when to remove this message 639: 398: 342: 372: 580: 47:adding citations to reliable sources 18: 140:would be considered to be induced. 16:Consumption that varies with income 13: 14: 663: 187:{\displaystyle C=a+b\times Y_{d}} 584: 23: 34:needs additional citations for 336: 312: 278:marginal propensity to consume 256:denotes disposable income and 1: 305: 222:{\displaystyle b\times Y_{d}} 647:Consumption (macroeconomics) 600:. You can help Knowledge by 7: 652:Economics and finance stubs 283: 10: 668: 579: 345:"The Consumption Function" 541: 488: 452: 406: 343:Arnold, Roger A. (2015). 549:Consumers' co-operative 429:Consumer culture theory 596:-related article is a 511:Consumer socialization 506:Consumer ethnocentrism 419:Autonomous consumption 270: 250: 223: 188: 134:autonomous consumption 470:Consumer neuroscience 271: 251: 249:{\displaystyle Y_{d}} 224: 189: 143:In the simple linear 58:"Induced consumption" 554:Consumer-to-business 521:Consumption function 260: 233: 200: 153: 145:consumption function 43:improve this article 559:Factory-to-consumer 496:Consumer confidence 489:Consumer attributes 424:Induced consumption 122:Induced consumption 501:Consumer confusion 480:Marketing research 465:Consumer economics 400:Consumer behaviour 266: 246: 219: 184: 124:is the portion of 609: 608: 577: 576: 526:Cultural consumer 444:Consumer spending 358:978-1-305-46545-9 269:{\displaystyle b} 130:disposable income 128:that varies with 119: 118: 111: 93: 659: 630: 623: 616: 588: 581: 564:Consumer service 475:Consumer product 439:Consumer economy 393: 386: 379: 370: 369: 363: 362: 340: 334: 333: 331: 330: 316: 275: 273: 272: 267: 255: 253: 252: 247: 245: 244: 228: 226: 225: 220: 218: 217: 193: 191: 190: 185: 183: 182: 114: 107: 103: 100: 94: 92: 51: 27: 19: 667: 666: 662: 661: 660: 658: 657: 656: 637: 636: 635: 634: 578: 573: 569:Consumerization 537: 532:Homo economicus 516:Consumer's risk 484: 460:Consumer choice 448: 402: 397: 367: 366: 359: 341: 337: 328: 326: 318: 317: 313: 308: 290:Lifestyle creep 286: 261: 258: 257: 240: 236: 234: 231: 230: 213: 209: 201: 198: 197: 178: 174: 154: 151: 150: 115: 104: 98: 95: 52: 50: 40: 28: 17: 12: 11: 5: 665: 655: 654: 649: 633: 632: 625: 618: 610: 607: 606: 589: 575: 574: 572: 571: 566: 561: 556: 551: 545: 543: 539: 538: 536: 535: 528: 523: 518: 513: 508: 503: 498: 492: 490: 486: 485: 483: 482: 477: 472: 467: 462: 456: 454: 453:Research types 450: 449: 447: 446: 441: 436: 431: 426: 421: 416: 410: 408: 404: 403: 396: 395: 388: 381: 373: 365: 364: 357: 335: 310: 309: 307: 304: 303: 302: 300:Induced demand 297: 295:Diderot effect 292: 285: 282: 276:is called the 265: 243: 239: 216: 212: 208: 205: 181: 177: 173: 170: 167: 164: 161: 158: 117: 116: 31: 29: 22: 15: 9: 6: 4: 3: 2: 664: 653: 650: 648: 645: 644: 642: 631: 626: 624: 619: 617: 612: 611: 605: 603: 599: 595: 590: 587: 583: 582: 570: 567: 565: 562: 560: 557: 555: 552: 550: 547: 546: 544: 540: 534: 533: 529: 527: 524: 522: 519: 517: 514: 512: 509: 507: 504: 502: 499: 497: 494: 493: 491: 487: 481: 478: 476: 473: 471: 468: 466: 463: 461: 458: 457: 455: 451: 445: 442: 440: 437: 435: 434:Consumer debt 432: 430: 427: 425: 422: 420: 417: 415: 412: 411: 409: 405: 401: 394: 389: 387: 382: 380: 375: 374: 371: 360: 354: 350: 346: 339: 325: 321: 315: 311: 301: 298: 296: 293: 291: 288: 287: 281: 279: 263: 241: 237: 214: 210: 206: 203: 194: 179: 175: 171: 168: 165: 162: 159: 156: 148: 146: 141: 139: 135: 131: 127: 123: 113: 110: 102: 99:December 2009 91: 88: 84: 81: 77: 74: 70: 67: 63: 60: â€“  59: 55: 54:Find sources: 48: 44: 38: 37: 32:This article 30: 26: 21: 20: 602:expanding it 591: 530: 423: 348: 338: 327:. Retrieved 324:Investopedia 323: 314: 195: 149: 142: 121: 120: 105: 96: 86: 79: 72: 65: 53: 41:Please help 36:verification 33: 414:Consumption 138:normal good 126:consumption 641:Categories 329:2023-10-25 306:References 69:newspapers 594:economics 542:Processes 349:Economics 207:× 172:× 407:Concepts 284:See also 229:, where 83:scholar 355:  85:  78:  71:  64:  56:  592:This 90:JSTOR 76:books 598:stub 353:ISBN 62:news 45:by 643:: 347:. 322:. 280:. 147:, 629:e 622:t 615:v 604:. 392:e 385:t 378:v 361:. 332:. 264:b 242:d 238:Y 215:d 211:Y 204:b 180:d 176:Y 169:b 166:+ 163:a 160:= 157:C 112:) 106:( 101:) 97:( 87:· 80:· 73:· 66:· 39:.

Index


verification
improve this article
adding citations to reliable sources
"Induced consumption"
news
newspapers
books
scholar
JSTOR
Learn how and when to remove this message
consumption
disposable income
autonomous consumption
normal good
consumption function
marginal propensity to consume
Lifestyle creep
Diderot effect
Induced demand
"The Difference Between Induced Consumption and Autonomous Consumption"
"The Consumption Function"
ISBN
978-1-305-46545-9
v
t
e
Consumer behaviour
Consumption
Autonomous consumption

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