What is a consumer basket? Its meaning?
| October 26, 2020 | Education
The consumer basket is a minimum set of foodstuffs necessary to preserve human health and ensure their vital activity, as well as non-food products (clothes, shoes) and services (utilities, transport costs), the cost of which is determined in relation to the cost of the minimum set of foodstuffs.
The size of the subsistence minimum depends on the size of the consumer basket.
Remember: The process of learning a person lasts a lifetime. The value of the same knowledge for different people may be different, it is determined by their individual characteristics and needs. Therefore, knowledge is always needed at any age and position.