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.
Types of consumption
Here are few list of the different type of consumption
- Durable goods: This involves consumption expenditure on certain items which are furniture and machine.
- Non – durable goods: This involves expenditure on goods that are not durable in nature, e.g. food, clothing and water.
- 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
