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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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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.
Co-emergence of Institutional Innovation Navigates the New Normal in Growing Economies
Government induced consumption underpinned by wage and pension hikes is the major driver for the strong domestic demand.
Inflation in Saudi Arabia drops to 4.7 per cent in H2
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).
Thrombotic microangiopathy in two tiger snake envenomations

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