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 ?
Such constraints can be expected to be removed by IT support by IT advanced economies leading to dramatic increase in IT induced consumption (IT elasticity to consumption effect) and enhances utility level which in turn further induces consumption (income elasticity to consumption effect) leading to IT driven innovation-consumption coemergence under the condition of IT support by IT advanced economies.
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).
(1) Multiplying any level of income in column 1 of Table 1 by .8 indicates that induced consumption is $300 billion less than (total) C in column 2.