THE CONSUMPTION AND THE CONSUMER IN THE ECONOMIC THEORY

Daniel Toba and Dalia Simion
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Dalia Simion: University of Craiova, Faculty of Economics and Business Administration, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2007, vol. 1, issue 9, 109-112

Abstract: The special complexity of the consumption imposes the mention that, in what follows, considering the criterion of the final destination of goods and services, the problem of the non-productive consumption of the population is being approached. Within the mechanism of the economic life, consumption has a central position, fulfilling various functions, determined by the mutual relationships with the different phases and processes of this mechanism, as well as by its own laws of development. Consumption gives finality to production, the usefulness of goods being recognized not only for having a specific material shape, but also because it satisfies a certain necessity

Keywords: the income effect; the substitution effect; the anticipation effect; the irreversibility of consumption; the demonstration and imitation consumption (search for similar items in EconPapers)
JEL-codes: D1 E2 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2007:i:9:p:109-112

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