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CONCEPT OF CONSUMPTION

  CONCEPT OF CONSUMPTION. Definition of the concept of consumption: first what consumption? Does consumption has anything to do with demand and supply? So lets define it in a simple way.

What is the concept of consumption? it may be defined as the total quantity of goods and services purchased and used by consumers during a specified period of time. this is also described as expenditure on goods and services at a given period of time. It is the expression of total consumer demand. CONSUMPTION

Types of consumption

Here are few list of the different type of consumption

  1. Durable goods: This involves consumption expenditure on certain items which are furniture and machine.
    1. Non – durable goods: This involves expenditure on goods that are not durable in nature, e.g. food, clothing and water.
    1. Services: This involves consumption expenditure on general services, e.g. legal fees, entertainment fees and educational fees.

FACTORS THAT DETERMINE THE LEVEL OF CONSUMPTION

Savings: The level of savings influences consumption. High savings tend to reduce the level of consumption.

Level of income: The higher the income the higher the level of consumption.

Availability of credit facilities: Availability of credit facilities either to individuals or firms tends to increase the level of consumptions.

Income distribution: Equitable distribution of national income will increase the disposable income of individuals thereby increasing the level of consunption.

Possession of assets: Revenue generated by assets increases the income of their owners and this tends to raise the level of consumption

Rate of taxation: High taxation reduces the income of people and this reduces the level of consumptions

Interest rate: If the interest rate received is high, it will generally increase income, thereby resulting in a rise in the level of consunption.

Profit earned: High profits earned either by individuals or firms increase income, thereby resulting in a rise in the level of consumptions.

Future expectation: Expectation of rise in the prices of goods and services will lead to a rise in the level of consumptions expenditure and vice versa.

LIVER FLUKE
162. ECTO PARASITES
163. TICK
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77. COCOA MIRIDS(CAPSIDS)

78. APHIDS

79. WHITE FLY SEED BUGS

80. CASSAVA CULTIVATION

81. CASSAVA MEALYBUGS

82. VARIEGATED GRASSHOPPER

83. GREEN SPIDER MITE

84. COTTON STAINER

85. COTTON

86. PESTS OF VEGETABLES

87. GRASSHOPPER

89. LEAF ROLLER

90. BEAN BEETLE

91. RICE WEEVILS

92. . PROBLEMS WITH PESTS CONTROL

93. CROP IMPROVEMENT

94. PROCESS OF CROP IMPROVEMENT METHODS OF CROP IMPROVEMENT

95. HYBRIDIZATION OF CROPS

96. ANIMAL PRODUCTION

97. THE DIGESTIVE SYSTEM OF ANIMALS

98. THE LARGE AND SMALL INTESTINE

99. RUMINANT ANIMALS

100. THE NERVOUS SYSTEM

101. THE NEURONS

102. A SYNAPSE ACTION IMPULSE REFLEX ACTION VOLUNTARY ACTION

103. THE CENTRAL NERVOUS SYSTEM

104. PERIPHERAL NERVOUS SYSTEM

105. THE REPRODUCTIVE SYSTEM MALE AND FEMALE REPRODUCTIVE SYSTEM

106. REPRODUCTIVE SYSTEM OF BIRDS

107. THE CIRCULATORY SYSTEM

108. THE PULMONARY CIRCULATION

Abiogenesis

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