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Consumption Function It is a functional relationship between two aggregates i.e., total consumption  and National Income. Consumption is an increasing function of income Symbolically C= f (Y) Consumption Schedule It is the tabular representation of various amounts of consumption expenditure corresponding to different levels of income.
Table 1: Consumption Schedule Income Consumption 0 20 60 70 120 120 180 170 240 220
Properties of the Consumption Function ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marginal Propensity to Consume ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Keynes’s Psychological law of Consumption ,[object Object],[object Object],[object Object],[object Object],[object Object]
Table: 2  Income( Y) Consumption( C) Savings (S) 0 20 -20 60 70 -10 120 120 0 180 170 10 240 220 20 300 270 30
Assumptions ,[object Object],[object Object],[object Object]
Determinants of Consumption Function ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objective Factors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Measures to raise the Propensity to Consume ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Theories of consumption Function ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
Criticism ,[object Object],[object Object],[object Object]

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Consumption function

  • 1. Consumption Function It is a functional relationship between two aggregates i.e., total consumption and National Income. Consumption is an increasing function of income Symbolically C= f (Y) Consumption Schedule It is the tabular representation of various amounts of consumption expenditure corresponding to different levels of income.
  • 2. Table 1: Consumption Schedule Income Consumption 0 20 60 70 120 120 180 170 240 220
  • 3.
  • 4.
  • 5.
  • 6. Table: 2 Income( Y) Consumption( C) Savings (S) 0 20 -20 60 70 -10 120 120 0 180 170 10 240 220 20 300 270 30
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.