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at higher level of income why people do lower level of consumption justify

Posted by Mahi Keshri 1 year, 10 months ago

CBSE > Class 12 > Economics

3 answers

Vanshika Verma 1 year, 10 months ago

Even if their income increase their consumption was same as they fulfill their needs at satisfaction level they are able to save more for the future so that it if their is any fluctuation in the market or their income decreases they can use it for their consumption

0Thank You

Mayank Dhiman 1 year, 10 months ago

Because they wanna to save more so that if something new produced in market they can spend on that means they always look for better one which could maximize their satisfaction level

0Thank You

Aniket Kumar 1 year, 10 months ago

To save more

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