What is the relationship between income and consumption?

The higher a person’s income, the more he buys (consumes) various goods and services. Moreover, not only the quantity but also the quality of consumption changes. Example: if the income is 11 thousand rubles, a person will buy food and clothing in the cheapest stores, if 200 thousand, then the stores and goods from them will be different. With very high incomes, this process stops (but there are very few people who have fulfilled all their desires, we know about them from the lists of the richest people in the world).



One of the components of a person's success in our time is receiving modern high-quality education, mastering the knowledge, skills and abilities necessary for life in society. A person today needs to study almost all his life, mastering everything new and new, acquiring the necessary professional qualities.