Final Consumption Expenditure

	Final Consumption Expenditure In the national accounts expenditure on goods and services that are used for the direct satisfaction of individual needs (''individual consumption'') or collective needs of members of the community (''collective consumption'') is recorded in the use of income account under the transaction final consumption expenditure (FCE). The most important part of final consumption expenditure is household final consumption expenditure. Government final consumption expenditure Government final consumption expenditure (GFCE) is an aggregate transaction amount on a country's national income accounts representing government expenditure on goods and services that are used for the direct satisfaction of individual needs (''i ... is made for collective consumption or for individual consumption in the form of social transfers in kind to households. Alsnon-profit institutions serving householdsprovide individual consumption goods and services to households free of charge or at reduced prices. Referenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	National Accounts National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry accounting. By design, such accounting makes the totals on both sides of an account equal even though they each measure different characteristics, for example production and the income from it. As a method, the subject is termed national accounting or, more generally, social accounting.Nancy D. Ruggles, 1987. "social accounting," '' The New Palgrave: A Dictionary of Economics'', v. 4, pp. 377–82. Stated otherwise, national accounts as ''systems'' may be distinguished from the economic data associated with those systems. While sharing many common principles with business accounting, national accounts are based on economic concepts. One conceptual construct for representing flows of all economic transactions that take place in an economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Household Final Consumption Expenditure Household final consumption expenditure (POES) is a transaction of the national account's use of income account representing consumer spending. It consists of the expenditure incurred bresidenthouseholds on individual consumption goods and services, including those sold at prices that are not economically significant. It also includes various kinds of imputed expenditure of which the imputed rent for services of owner-occupied housing (imputed rents) is generally the most important one. The household sector covers not only those living in traditional households, but also those people living in communal establishments, such as retirement homes, boarding houses and prisons. The above given definition of HFCE includes expenditure by resident households on the domestic territory and expenditure by resident households abroad (outbound tourists), but excludes any non-resident households' expenditure on the domestic territory (inbound tourists). From this national definition of consumpti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Government Final Consumption Expenditure Government final consumption expenditure (GFCE) is an aggregate transaction amount on a country's national income accounts representing government expenditure on goods and services that are used for the direct satisfaction of individual needs (''individual consumption'') or collective needs of members of the community (''collective consumption''). It consists of the value of the goods and services produced by the government itself other than own-account capital formation and sales and of purchases by the government of goods and services produced by market producers that are supplied to households - without any transformation - asocial transfersin kind (for more detail, see, for example, Lequiller and Blades (2014)Chapter 5.3 in Lequiller, F. and D. Blades (2014), Understanding National Accounts: Second Edition, OECD Publishing. http://dx.doi.org/10.1787/9789264214637-en) Data Data on government final consumption expenditure shed light on the involvement of governments in providing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	National Accounts National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry accounting. By design, such accounting makes the totals on both sides of an account equal even though they each measure different characteristics, for example production and the income from it. As a method, the subject is termed national accounting or, more generally, social accounting.Nancy D. Ruggles, 1987. "social accounting," '' The New Palgrave: A Dictionary of Economics'', v. 4, pp. 377–82. Stated otherwise, national accounts as ''systems'' may be distinguished from the economic data associated with those systems. While sharing many common principles with business accounting, national accounts are based on economic concepts. One conceptual construct for representing flows of all economic transactions that take place in an economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Consumption (macroeconomics) Consumption may refer to: Resource consumption Tuberculosis, an infectious disease, historically * Consumption (ecology), receipt of energy by consuming other organisms * Consumption (economics), the purchasing of newly produced goods for current use also defined as the consuming of products ** Consumption function, an economic formula * Consumption (sociology) of resources, associated with social class, identity, group membership, and age See also * * Consumerism Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the Industrial Revolution, but particularly in the 20th century, mass production led to overproduction—the supp ... {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]