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Surrogate Demand/Economics

Title: Surrogate Demand/Economics
Category: /Literature/English
Details: Words: 802 | Pages: 3 (approximately 235 words/page)
Surrogate Demand/Economics
By dividing consumer demands into two parts, direct demand and indirect demand, we can study demand theory in even more layers, hence possibly giving us greater future economic development. The needed addition to demand theory is as follows, consumer demand ought to be reviewed not as a monolithic concept but, rather, as consisting of two parts namely, direct demand and indirect demand, or as it has been termed surrogate demand. Surrogate means, one appointed to …showed first 75 words of 802 total…
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…showed last 75 words of 802 total…into the determinants of consumer and firm behavior and hence into the rates of spending and saving. Doing so will also give us more insight into the investment process as well. Also this division of direct and surrogate demand can give us more layers of information into the marginal propensity to consume. To add more layers and to explore this idea more in-depth can only give us more insight into the way our economy works.

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