Consumption and Development by Jeffrey James (auth.) PDF

By Jeffrey James (auth.)

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Children are educated to be discriminating consumers, consumer groups establish magazines etc. to inform consumers, and the government intervenes to protect and inform consumers. The net result is a much higher degree of consumption efficiency in relation to new products than in poor societies. Lacking the learning experience related to many new products, social (including government) protection and information services, there is a systematic tendency for inefficiency of consumption of new products in poor countries.

The Joyless Economy: An Enquiry into Human Satisfaction and Consumer Dissatisfaction, Oxford University Press. K. (1977). 'Rational Fools: A Critique of the Behavioural Foundations of Economic Theory', Philosophy and Public Affairs, Vol. 6. P. (1975). 'Cost Effectiveness and Drug Therapy', Tropical Doctor, April. J. (1964). Fundamentals of Marketing, 2nd edn, McGraw-Hill. Stewart, F. (1977). Technology and Underdevelopment, Macmillan. Stewart, F. (1981). 'International Technology Transfer: Issues and Policy Options', in Streeten, P.

13 These trends in consumption expenditure are of course the outcome of a variety of effects, besides indivisibilities. Others include changing behaviour in response to the availability of new products, to promotional expenditure and to demonstration effects. COMPLEMENTARITIES OF CONSUMPTION For many consumer goods there are interdependencies, such that the enjoyment of one good depends on the consumption of some other good: tennis balls and tennis rackets; cars and roads; chairs and tables; and so on.

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