Induced Prism
Induce may refer to: * Induced consumption * Induced innovation * Induced character * Induced coma * Induced menopause * Induced metric * Induced path * Induced topology * Induce (musician), American musician * Labor induction, stimulation of childbirth See also * Inducement (other) * Induction (other) Induction or inductive may refer to: Biology and medicine * Labor induction (of birth) * Induction chemotherapy, in medicine * Enzyme induction and inhibition * General anaesthesia Chemistry * Induction period, slow stage of a reaction * ...

Induced Consumption
Induced consumption is the portion of Consumption (economics), consumption that varies with Disposable and discretionary income, disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income. For instance, expenditure on a consumable that is considered a normal good would be considered to be induced. In the simple linear consumption function, C = a + b \times Y_ induced consumption is represented by the term b \times Y_, where Y_ denotes disposable income and b is called the marginal propensity to consume. See also * Lifestyle creep * Diderot effect * Induced demand References

Consumption (macroeconomics) {{Econ-stub ...
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