The point and aim of an economy is the people keep getting better off. Consumption makes up some 70% of all demand in the economy, meaning that if consumption is rising so, likely, will the whole of ...

The relationship between income and expenditure is often called a consumption schedule. It is used to describe economic trends in the household sector. When there is more money or anticipation of ...

The income expenditure model of economics was developed by John Maynard Keynes to explain fluctuations in production of goods and services and spending. The model basically states that we produce as ...

An economy’s growth is like sailing on two boats tugged to each other. On one side is the supply or the production of goods and services. GDP, or gross domestic product, is the value the production ...

For economists trying to measure the health of an economy, there are a number of similar sounding but slightly different concepts that can confuse those without a background in macroeconomics. Two of ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Vikki Velasquez is a researcher and ...

Greg Mankiw recently pointed to an NBER research paper “Fifty Years of Growth in American Consumption, Income, and Wages,” by Bruce Sacerdote, with some really interesting results and findings that ...

This is another look at the idea I put forth here, that - contra the standard economic idea that consumption depends on wealth - I believe that consumption depends on income. It's worth stressing that ...

Vol. 99, No. 2, Papers and Proceedings of the One Hundred Twenty-First Meeting of the American Economic Association (May, 2009), pp. 380-386 (7 pages) The American Economic Review is a ...

India’s economy is consumption-driven, with private final consumption expenditure contributing nearly 60% to India’s gross domestic product (GDP). The consumption trend also has a strong bearing on ...

The January Core Personal Consumption Expenditure Price Index report of 0.6% month-to-month gain was 0.2% higher than anticipated. U.S. Treasury yields rise as the Federal Reserve is expected to hold ...