Answer :
The amount of money spent by consumer on the purchase of goods and services in order to satisfy their wants directly is called consumption expenditure. Consumption expenditure mainly depends on income, and are directly related, it increases as income increases.
What is Aggregate Demand and its components ?
To know read - Aggregate Demand and its Components
The amount of money spent by consumer on the purchase of goods and services in order to satisfy their wants directly is called consumption expenditure. Consumption expenditure mainly depends on income, and are directly related, it increases as income increases.
What is Aggregate Demand and its components ?
To know read - Aggregate Demand and its Components
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