induced consumption


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induced consumption

that part of an increase, or decrease, in total CONSUMPTION expenditure that is brought about by a change in the level of NATIONAL INCOME or DISPOSABLE INCOME. In the short term, consumption expenditure consists of AUTONOMOUS CONSUMPTION (consumption expenditure that does not vary with income) and induced consumption. See CONSUMPTION SCHEDULE.
References in periodicals archive ?
Government induced consumption underpinned by wage and pension hikes is the major driver for the strong domestic demand.
scutatus), confirmed by enzyme-linked immunosorbent assay testing of serum, who developed clinical and laboratory evidence of envenomation, which included venom induced consumption coagulopathy (VICC), although this was only partial in the second case (6).
8 indicates that induced consumption is $300 billion less than (total) C in column 2.
9 percent of Nevada's annual consumption of nearly 36,000 gigawatts (gWh) is produced from renewable energy resources, responsible for approximately 850 jobs in Nevada directly, indirectly or through induced consumption effects.