Abstract
This paper, under several assumptions, tries to illustrate how three variables (the distribution of family's average per capita income (DFAPCI), the output of durable consumer goods (DCG) affect the demand for DCG. A mathematical model of demand for DCG is set up. Applying the model and actual data of DCG of socialist and capatalist countries, the paper conculdes that the shortage of DCG in socialist countries is mainly caused by their special DFAPCIs.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.