The Comparison of Consumption-Income Model of Urban and Rural Residents
DU Dalin
Abstract
DU Dalin
Abstract
According to Keynesian consumption theory,the consumption is the sole determiner of income.Observations of urban and rural residents' metrological patterns indicate,however,that in addition to the factor of annual income,differences between the factors of regional differences,means of income earning and consumption psychology lead to great differences in their consumption-income model.
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According to Keynesian consumption theory,the consumption is the sole determiner of income.Observations of urban and rural residents' metrological patterns indicate,however,that in addition to the factor of annual income,differences between the factors of regional differences,means of income earning and consumption psychology lead to great differences in their consumption-income model.
Key concepts: Consumption (sociology), Economics, Permanent income hypothesis, Demographic economics, Total personal income, Household income, Net national income, Labour economics