Johnny Ch Lok

Difference Between Micro And Macro Economic Measurement To Consumer Behavior Johnny Ch Lok

Behavioral economy consumption desires measurement methodHow to apply behavioral economic theory to measure consumption level or consumption desire to the country? I shall assume that consumption is to be measured by private and public expenditures at constant prices at conventionally defined and all money prices are assumed constant. How to measure real consumption?In fact, consumer behavior has relationship to any country, itself economic growth or recesion in any economic and consumption environment . The purpose of income calculations in practiced affairs to give consumers an indication of the amount which they can consume. It would seem that we ought to define a man's income as the maximum value, which he can consume during a week, and still expect to be well at the end of week as he has at the beginning. An economy which uses money, but uses it is as a neutral link between transactions in real things and real assets and does not want of a better, a real exchange economy with an economy in which money plays a part of its own and affects motives and decisions and as, in short, one of the operative factors in the situation. So that the course of events can not be predicted either in the long period or in the short period, without knowledge of the behavior of money between the first state and last. It is a monetary economy means to influence any country itself consumer behavioral consumption desires change to more or less shopping times. Hence, money matters in both the long and short run. Money affects real decision making and employment and output outcomes to any countries. The economic system is moving through calendar time from an irrevocable past to an uncertain and statistically unpredictable future. Any country's past and present consumption market data do not necessary provide correct signals regarding future outcomes. Ths means that economic data are not necessarily generated by a process. Constrasts denominated in money terms are a human in an entrepreneurial economy. It helps humans efficiently organize time-consuming production and exchange processes in a world of uncertainty.