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Consumer durables |
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Consumer durablesConsumer products that are expected to last three years or more, such as an automobile or a home appliance.Consumer durablesA product such as an automobile or appliance whose life expectancy is at least three years.Similar MatchesConsumer finance companyConsumer finance companySee: Finance company Consumer surplusConsumer surplusThe difference between the maximum that consumers would be willing to pay for a good and what they actually do pay. For each unit of the good, this is the vertical distance between the demand curve and price. For all units purchased at some price, it is the area below the demand curve and above the price. Normally useful only as the change in consumer surplus. Consumer Advisory Council (CAC)Consumer Advisory Council (CAC)A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice. Consumer support estimateConsumer support estimateIntroduced by the OECD to quantify agricultural policies, this measures transfers to or from consumers that are implicit in these policies. Since industrialized-country agricultural producers are routinely supported by raising prices, CSE estimates are usually negative. See also PSE. Consumer price indexConsumer price indexAn index which tracks the prices of a variety of goods purchased by an average consumer. The goods typically include food, clothing, utilities and medical care. Also known as the cost of living index which is used as a reference for wage increases and other similar inflation prone items such as Social Security payments. Further SuggestionsChange in consumer surplusConsumer debenture Consumer credit Consumer Credit Protection Act of 1968 Consumer interest Consumer price index Consumer Price Index Consumer movement National Foundation for Consumer Credit Consumer goods |
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