Stock of durable goods on hand, Microeconomics

Stock of durable goods on hand:

If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars, televisions, etc. all worth years of service. Hence, for sometime, many households will be out of the market for such products with the result that consumers will be willing to spend less and save more at each level of disposable income.

The level of disposable income:

The level of income is the basic determinant of how much households will consume.As households` income increase consumption expenditure increases and vice versa.

Posted Date: 1/3/2013 12:12:06 AM | Location : United States







Related Discussions:- Stock of durable goods on hand, Assignment Help, Ask Question on Stock of durable goods on hand, Get Answer, Expert's Help, Stock of durable goods on hand Discussions

Write discussion on Stock of durable goods on hand
Your posts are moderated
Related Questions
i''m">http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Economics%20%289708%29/9708_w07_qp_1.pdf i''m finding question 13 difficult to comprehen

I am having a hard time figuring out how to find marginal product.

Explain about the specification of economics environments. Specification of Economic Environments: The primary step for studying an economic issue is to identify the econom

Q. Explain Capital Adequacy? Capital Adequacy: Capital adequacy rules are loose regulations which are imposed on private banks, in hope of ensuring that they have adequate inte

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Sally recently finished her full time training and received certification as a nurses aid at the end of august.

Q. What do you mean by Bond? Bond: A financial security that represents promise of its issuer (generally a company or a government) to repay a loan over a specified time period

A control in economics means a steady profit rate that is enhancing. Thus, after one year you could have £1mill profit then the next year £3mill profit etc.

Explain the approach of characterizing the modern economic environment. Modern economics gives various perspectives or angles to seem at real world economic issues. An economic

THEORY OF PRODUCTION: Production activities related to goods and services require inputs. Typically, the set of inputs includes labour, capital equipments and raw materials. T