Objective Factors of Consumption Function
The following points highlight the eighteen main objective factors that influence consumption function according to Keynes. Some of the objective factors are: 1. Change in the Wage Level 2. Windfall Gains or Losses 3. Change in the Fiscal Policy 4. Changes in Expectations 5. Changes in the Rate of Interest 6. Financial Policies of Corporations 7. Holding of Liquid Assets [...]