On consumption decisions : focusing on budget decisions for each expense item

消費の決定について : 費目ごとの予算の決定を中心に

On consumption decisions : focusing on budget decisions for each expense item

We will discuss how a household determines the budget allocation to consumption goods and decides consumption and savings. Microeconomics explain that a consumer maximizes utility under budget constraint. However, in reality, a consumer first determines the budget for each consumption item such as food and clothing and then determines individual consumption goods to buy.

Creators Umada Tetsuji