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@article{187682,
        author = {Sri K.Vasudeva Rao},
        title = {Consumption Function},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {6},
        pages = {6341-6347},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=187682},
        abstract = {The consumption function is a fundamental concept in macroeconomics that explains the relationship between the household consumption expenditure and disposable income. It posits that consumption is determined by a mix of autonomous spending and income induce spending typecally expressed through the marginal propensity to consume (MPC). The function provides insight into how changes in income levels influence consumer behavior and consequently, aggregate demand.over time theoretical advancements - including Keynesian, lifecycle permanent income hypothesis - have enriched the understanding of consumption patterns by incorporating expectations wealth and intertemporal choices.emperical studies continue to refine the function by accounting for socio economic factors,credits constraints and behavioral influences. Overall the consumption function remains central to economic analysis and policy formulation, especially in forecasting demand and evaluating fiscal interventions.},
        keywords = {},
        month = {November},
        }