Consumer spending or consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. There are two variants of consumption in the aggregate demand model, including induced consumption and autonomous consumption.
Read more about Consumer Spending: Consumerism
Famous quotes containing the words consumer and/or spending:
“The misery of the middle-aged woman is a grey and hopeless thing, born of having nothing to live for, of disappointment and resentment at having been gypped by consumer society, and surviving merely to be the butt of its unthinking scorn.”
—Germaine Greer (b. 1939)
“We should meet each morning, as from foreign countries, and spending the day together, should depart at night, as into foreign countries.”
—Ralph Waldo Emerson (1803–1882)