Nov 5, 2024 · A direct or positive relationship between consumption and household disposable income is called consumption function.

Aug 23, 2025 · The consumption function is an economic formula that shows the relationship between total consumer spending and gross national income, initially proposed by John Maynard Keynes.

In macroeconomic models the consumption function tracks total aggregate consumption expenditures; for simplicity it is assumed to depend on a basic subset of the factors economists believe are …

In economics, the consumption function describes a relationship between consumption and disposable income. [1][2] The concept is believed to have been introduced into macroeconomics by John …

The consumption function is an economic formula directly associated with the total consumption and gross national income. It was introduced by the British economist John Maynard Keynes to show the …

The consumption function formula is a simple adaptation of the equation of a straight line that you are probably familiar with from elementary mathematics i.e., y = mx + c, but in economics we use …

Mar 28, 2023 · The functional relationship between consumption and national income is known as Consumption Function. It was introduced by John Maynard Keynes and represents the willingness of …

Apr 16, 2019 · Definition of consumption function C = a + b Yd where a=autonomous consumption, b = MPC and Yd = disposable income. Diagrams to explain consumption function and shift in different …

Mar 19, 2024 · The consumption function is an economic concept that elucidates the relationship between income and spending. John Maynard Keynes introduced it, suggesting that economists …

Concept of Consumption Function: J. M. Keynes first introduced the term 'consump­tion function' in 1936 to describe the relationship be­tween household's planned consumption expendi­ture and all the …