Significado de “consumption function” - Diccionario inglés

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consumption function en inglés de negocios

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consumption functionnoun [ S ]

uk us

ECONOMICS a way of calculating how the amount of money that people spend on goods and services changes as their income changes:

The consumption function says that the amount people spend depends on their income, and that as income increases, so does consumption.

(Definición de consumption function de Cambridge Business English Dictionary © Cambridge University Press)