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The life-cycle theory of consumption, popularly known as life-cycle hypothesis,' was developed by Ando and Modigliani" in the early 1960s. The life-cycle hypothesis postulates that individual consumption in any time period depends on (i) resources available to the individual, (ii) the rate of return on his capital, and (iii) the age of the individual. The resources available to an individual consist of his existing net wealth and the present value of all his current and future labour incomes. According to the life-cycle hypothesis, a rational consumer plans consumption on the basis of all his resources and allocates his income to consumption over time so that he maximizes his total utility over his life time.
Under the Consumer Protection Act a complaint must be resolved within three months if no analysis is required and within __________ if analysis or testi...
For the purpose of hearing any reference under Article 143 of Constitution of India, the minimum number of judges of Supreme Court who are to sit for th...
Which case is known as Post-Master Case?
Which legal maxim had been applied in the case Hadley v. Baxendale?
"A" who is a citizen of India, commits crime in Nigeria.
Under which Section of the Indian Penal Code, 1860, he can be tried in India.
Where the amount to be spent by a company for the Corporate Social Responsibility Policy _____________, the requirement for the constitution of the Corp...
Under which Article of the Constitution of India can the President take over the administration of a state in case its constitutional machinery breaks d...
As per the Insurance Act, 1938 every insurer, being a company or body incorporated under any law for the time being in force in India, shall furnish ___...
A disputed handwriting can be proved_______
The Article 16-4A of the Constitution provides for which of the following ___________