Open AccessEconomic theory: patterns of consumer behavior
Author(s) -
С. С. Репин
Publication year - 2021
Publication title -
putevoditelʹ predprinimatelâ
Language(s) - Uncategorized
Resource type - Journals
eISSN - 2687-136X
pISSN - 2073-9885
DOI - 10.24182/2073-9885-2021-14-3-172-178
Subject(s) - consumer spending , economics , consumer behaviour , luxury goods , business , advertising , macroeconomics , recession
As income increases, its share of spending on basic necessities decreases, while its share of spending on luxury goods and spiritual development increases.