News tagged with spending

Medicaid expansion cuts out-of-pocket spending

(HealthDay)—States that expanded Medicaid cut the probability of non-elderly near-poor adults being uninsured and lowered average out-of-pocket spending, according to a study published online Jan. 24 in Health Affairs.

Feb 02, 2018
popularity1 comments 0

Spending more on health care? Here's why

(HealthDay)—Americans spent more on health care in 2016, even though their use of health care did not increase, and rising costs are the reason why, a new report shows.

Jan 23, 2018
popularity6 comments 0

CAPABLE program saves money for seniors with disability

(HealthDay)—The five-month Community Aging in Place, Advancing Better Living for Elders (CAPABLE) program is associated with lower Medicaid spending, according to a study published online Nov. 22 in the Journal of the American ...

Dec 12, 2017
popularity1 comments 0

Consumption (economics)

Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally consumption is defined by opposition to production. But the precise definition can vary because different schools of economists define production quite differently. According to some economists, only the final purchase of goods and services constitutes consumption, and every other commercial activity is some form of production. Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. "the selection, adoption, use, disposal and recycling of goods and services").

Likewise, consumption can be measured by a variety of different metrics such as energy in energy economics . The total consumer spending in an economy is generally calculated using the consumption function, a metric devised by John Maynard Keynes, which simply takes the aggregate disposable income and multiplies it by a "marginal propensity to consume". This metric essentially defines consumption as the part of disposable income that does not go into savings. But disposable income in turn can be defined in a number of ways - e.g. to include borrowed funds or expenditures from savings.

This text uses material from Wikipedia, licensed under CC BY-SA

Subscribe to rss feed