Consumer Expenditure

Consumer Expenditure refers to the total amount of money spent by individuals or households on goods and services. This category encompasses a wide range of expenditures including necessities such as food, housing, and healthcare, as well as discretionary spending on entertainment, travel, and luxury items. Tracking consumer expenditure is crucial for understanding economic trends, market demand, and the overall financial well-being of a population. By analyzing these patterns, businesses can tailor their strategies to better meet consumer needs and preferences, while policymakers can make informed decisions to foster economic growth and stability.