1. UNIT -2 CONSUMER ANDPRODUCER BEHAVIOUR 2. “Demand is the mother ofproduction”“If you can’t pay for a thing, don’t buy it. ifyou can’t get paid for it don’t…
1.KEYNES THEORY • • • • • • •Consumption is ‘be all’ and ‘end all’ Income is the most important determinant. C=f(y). Psychological Law of Consumption.…