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Knowing the determinants of consumption expenditure is essential. Governments often look for ways to stimulate consumption to encourage economic growth. Consumer spending is a significant driving force in the economies of several countries.

Customers are parties who buy goods or services directly. They can be individuals, businesses, organizations, or governments, depending on their target market. They can also come from internal (such as employees and shareholders) and external

Employees are people who do tasks based on the direction of the manager. They do daily tasks according to job descriptions. In return, they get wages or salaries. In addition to higher salaries, their interests in the company include: Comfortable

Before answering how elasticity affects total revenue, you need to recall the following concepts in economics: Own-price elasticity of demand. It measures the responsiveness of changes in quantity demanded when prices change. Demand is price

The presence of substitution affects elasticity because it provides alternative choices in consuming products or services If a substitute product is available, consumers tend to turn to these alternative products when the price of a product or

A stable exchange rate is one of the macroeconomic goals. In the flexible exchange regime, the exchange rate of the domestic currency continues to move, influenced by fundamental factors such as demand and supply and speculative factors. Among the

Economic growth under capitalism may far exceed the growth of other economic systems. However, often, this system produces widening inequality or economic inequality.  The accumulation of private capital is inevitable. This ultimately leads

The production possibility curve or production possibility frontier is a graphical representation that shows the combination of outputs that might be produced by the economy using available production factors and production technology. Take an