Consumer Economics

The study of production, distribution and consumption of goods and services is known as economics. The branch of economics that deals with the analysis of behavior of consumers, individuals or families is known as consumer economics. It may also include policy planning and financial planning. Consumer economics affects the overall economy. Consumer leverage ratio, total household debt and personal income are some of the facets studied under this discipline. Consumer leverage ratio is the ratio of total household debt to disposable personal income, where total household debt is the combined debt of all the people in the household. Some of the theoretical models which fall under consumer economics are time allocation models, stigler’s information theory and household production model. This book is a valuable compilation of topics, ranging from the basic to the most complex theories and principles in the field of consumer economics. Different approaches, evaluations, methodologies and studies related to this discipline have been included herein. For someone with an interest and eye for detail, this book covers the most significant topics related to this field.