expenditure expansion path

简明释义

支出扩大渠道

英英释义

An expenditure expansion path is a graphical representation in consumer theory that illustrates the combinations of goods and services that a consumer can purchase at different levels of income while maintaining a constant utility level.

支出扩展路径是消费者理论中的一种图形表示,展示了消费者在不同收入水平下能够购买的商品和服务组合,同时保持恒定的效用水平。

例句

1.By adjusting their expenditure expansion path, the company was able to improve its overall financial health.

通过调整其支出扩展路径,公司能够改善整体财务状况。

2.The economist presented a model illustrating the expenditure expansion path in relation to consumer behavior.

经济学家展示了一个模型,说明了与消费者行为相关的支出扩展路径

3.Understanding the expenditure expansion path can help businesses allocate resources more efficiently.

理解支出扩展路径可以帮助企业更有效地分配资源。

4.The firm analyzed its budget to determine the optimal expenditure expansion path for maximizing profits.

该公司分析了其预算,以确定最大化利润的最佳支出扩展路径

5.During the financial planning meeting, the team discussed the implications of their expenditure expansion path on future investments.

在财务规划会议上,团队讨论了他们的支出扩展路径对未来投资的影响。

作文

In the field of economics, understanding consumer behavior is crucial for analyzing how individuals make choices about spending their income. One important concept that helps illustrate this behavior is the expenditure expansion path. The expenditure expansion path refers to the graphical representation of the various combinations of goods and services that a consumer can afford as their income increases, while keeping prices constant. This path illustrates how consumers adjust their consumption patterns in response to changes in their budget constraints.To comprehend the expenditure expansion path, we first need to understand the concept of budget constraints. A budget constraint represents the limit on the consumption choices of an individual based on their income and the prices of goods and services. When a consumer has a fixed income, they must make decisions about how to allocate their resources among various options. As income increases, the budget constraint shifts outward, allowing for greater consumption possibilities.The expenditure expansion path is typically depicted on a graph where one axis represents the quantity of one good, while the other axis represents the quantity of another good. As the consumer's income rises, the points on the graph illustrating their optimal consumption choices form a path. This path shows the direction in which consumption expands as the consumer's income grows. It is important to note that the slope of the expenditure expansion path indicates the rate at which a consumer is willing to substitute one good for another, reflecting their preferences and utility.For instance, consider a consumer who primarily spends their income on food and clothing. Initially, with a limited income, they may purchase a certain quantity of each good. As their income increases, they may choose to buy more food and clothing, but the specific combination will depend on their preferences. The expenditure expansion path will illustrate the new combinations of food and clothing that the consumer can afford as their income rises. If the consumer values food more than clothing, the path will show a larger increase in food consumption compared to clothing.Understanding the expenditure expansion path also has significant implications for businesses and policymakers. By analyzing how consumers respond to income changes, businesses can better tailor their products and marketing strategies to meet consumer demands. Policymakers can use this information to design effective economic policies that promote consumer welfare and stimulate economic growth.In conclusion, the expenditure expansion path is a vital concept in consumer theory that illustrates how individuals adjust their consumption choices in response to changes in income. It provides valuable insights into consumer behavior, helping economists, businesses, and policymakers understand the dynamics of spending and resource allocation. As we continue to study and analyze this concept, we gain a deeper appreciation for the complexities of human decision-making in the face of economic constraints.

在经济学领域,理解消费者行为对于分析个人如何选择支出收入至关重要。一个重要的概念有助于说明这种行为,即支出扩展路径支出扩展路径是指在价格保持不变的情况下,消费者随着收入增加而能够负担的各种商品和服务组合的图形表示。这条路径展示了消费者在预算约束变化时如何调整消费模式。为了理解支出扩展路径,我们首先需要理解预算约束的概念。预算约束代表了个人基于其收入和商品与服务价格的消费选择限制。当消费者的收入固定时,他们必须决定如何在各种选项中分配资源。随着收入的增加,预算约束向外移动,允许更大的消费可能性。支出扩展路径通常在一张图表上表示,其中一条轴代表一种商品的数量,而另一条轴代表另一种商品的数量。随着消费者收入的上升,图表上显示的其最优消费选择的点形成一条路径。这条路径显示了随着消费者收入增长,消费如何扩展的方向。需要注意的是,支出扩展路径的斜率表示消费者愿意用一种商品替代另一种商品的比率,反映了他们的偏好和效用。例如,考虑一个主要将收入花费在食品和服装上的消费者。最初,收入有限时,他们可能会购买一定数量的每种商品。随着收入的增加,他们可能选择购买更多的食品和服装,但具体组合将取决于他们的偏好。支出扩展路径将展示消费者随着收入上升能够负担的食品和服装的新组合。如果消费者更看重食品而不是服装,那么这条路径将显示食品消费的增加幅度大于服装。理解支出扩展路径对企业和政策制定者也具有重要意义。通过分析消费者如何应对收入变化,企业可以更好地调整其产品和营销策略以满足消费者需求。政策制定者可以利用这些信息设计有效的经济政策,以促进消费者福利并刺激经济增长。总之,支出扩展路径是消费者理论中的一个重要概念,它展示了个人如何在收入变化的情况下调整消费选择。它为我们提供了对消费者行为的宝贵洞察,帮助经济学家、企业和政策制定者理解支出和资源配置的动态。随着我们继续研究和分析这一概念,我们对在经济约束下人类决策复杂性的理解也会加深。

相关单词

expenditure

expenditure详解:怎么读、什么意思、用法

expansion

expansion详解:怎么读、什么意思、用法