An analysis of household consumption expenditures

Constituting about two thirds of the gross domestic product, household consumption expenditures are a significant financial planning tool. Household consumption expenditures are also considered a primary indicator of economic-wellbeing. Therefore, it has an important place both in macroeconomic theory and empirical studies carried out in this field. The consumption function often referred to as the relationship between income and consumption has taken place in economic literature since Keynesian General Theory. Consumption theories analyzed by Keynes ’ Absolut