A Structural Change in Demand for Service due to Income Elasticity: A Macro Analysis

Open Access

Year : 2023 | Volume : | | Page :
    By

    Ruchi Rathore,

  1. Assistant Professor, Department of Economics, Government P.G. College, Rehli, Madhya Pradesh, India

Abstract

Present condition shows that India has a higher economic growth. When we talk about which factors are responsible for economic growth. There will be many factors, but the main factor is the demand in service; rapid growth in the service sector that have contributed to overall economic growth. The present study is an attempt to provide a substantial theoretical explanation through demand side to support service led growth. The present study estimates the income elasticity of demand for service from 1951 to 2010. The study finds a structural change in demand for services corresponding to income

Keywords: Economic growth, income elasticity, macro analysis, economy, demand

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How to cite this article:
Ruchi Rathore. A Structural Change in Demand for Service due to Income Elasticity: A Macro Analysis. NOLEGEIN Journal of Consumer Behavior & Market Research. 2023; ():-.
How to cite this URL:
Ruchi Rathore. A Structural Change in Demand for Service due to Income Elasticity: A Macro Analysis. NOLEGEIN Journal of Consumer Behavior & Market Research. 2023; ():-. Available from: https://journals.stmjournals.com/njcbmr/article=2023/view=91592


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Open Access Article
Volume
Received 11/03/2021
Accepted 23/03/2021
Published 23/01/2023
1,829

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