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Consumer behavior in conditions of changing monetary income and prices

https://doi.org/10.24182/2073-6258-2021-20-3-175-181

Abstract

The change in monetary income has a great influence on the behavior and reaction of the consumer, with an increase in income, his share spent on basic necessities decreases, while the share of spending on luxury goods and on spiritual development increases.

About the Authors

S. S. Repin
Department of Economic Theory, Russian Customs Academy
Russian Federation

Cand. Sci. (Econ.), Assoc. Prof.

Lyubertsy



L. S. Danilina
Department of Economic Theory, Russian Customs Academy
Russian Federation

Candidate of Technical Sciences, Associate Professor

Lyubertsy



References

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4. Repin S. S. Economic theory: patterns of consumer behavior. Entrepreneur’s guide. 2021. Vol. 14, No. 3. Pp. 172–178.

5. Schumpeter J. Theory of economic development. Capitalism, socialism, democracy / Y. Schumpeter. – M.: EKSMO, 2008. 864 p.


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For citations:


Repin S.S., Danilina L.S. Consumer behavior in conditions of changing monetary income and prices. Scientific notes of the Russian academy of entrepreneurship. 2021;20(3):175-181. (In Russ.) https://doi.org/10.24182/2073-6258-2021-20-3-175-181

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ISSN 2073-6258 (Print)