Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
holtadit:
--- Quote from: J.Darren on June 01, 2010, 01:02:37 pm ---Hmm you should mention normal goods, inferior goods and the saving pattern as well ... The overall level of expenditure in high income group tends to be lower.
--- End quote ---
Please elaborate; my textbook and teacher are useless.
Please tell me everything you know.
J.Darren:
--- Quote from: Ari Ben Canaan on June 01, 2010, 01:18:15 pm ---Please elaborate; my textbook and teacher are useless.
Please tell me everything you know.
--- End quote ---
High income group
Normal goods - Luxury items would be a good example - wants, spend more on it as income increases
Necessities - Milk, bread etc
High income group would tend to spend most of the income on luxury goods, although they would still spend on necessities, the overall level of expenditure tends to be lower.
High income group tend to save more than low income group (explained below)
Low income group
Inferior goods - 56k dial up versus broadband, you would consume less of those as your income increases
Necessities - Milk, bread etc.
Low income group would tend to spend most of the income on necessities, and satisfy a few wants from time to time, they have no spare money to save.
destructor:
--- Quote from: J.Darren on June 01, 2010, 01:28:55 pm ---High income group
Normal goods - Luxury items would be a good example - wants, spend more on it as income increases
Necessities - Milk, bread etc
High income group would tend to spend most of the income on luxury goods, although they would still spend on necessities, the overall level of expenditure tends to be lower.
High income group tend to save more than low income group (explained below)
Low income group
Inferior goods - 56k dial up versus broadband, you would consume less of those as your income increases
Necessities - Milk, bread etc.
Low income group would tend to spend most of the income on necessities, and satisfy a few wants from time to time, they have no spare money to save.
--- End quote ---
of course but then he only asked for expenditure patterns
J.Darren:
--- Quote from: destructor on June 01, 2010, 02:28:40 pm ---of course but then he only asked for expenditure patterns
--- End quote ---
Please refer to Reply #333 :D
destructor:
--- Quote from: J.Darren on June 01, 2010, 03:33:36 pm ---Please refer to Reply #333 :D
--- End quote ---
darren he asked u that
after u told him about normal, inferior goods and the saving pattern
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version