TOTAL REVENUE - TOTAL EXPENDITURE INTERDEPENDENCE FOR A HOUSEHOLD IN ROMANIA

Abstract

The consumers’ various and constantly dynamic needs are met by the consumers through the consumption of goods and services. Achieving prosperity and continuously raising the living standards are obvious desires of people in today’s society. The possibility to quantify the standard of living is achieved through consumption or rather through the total expenditure made in a household. So, naturally, in this paper we wish to highlight the relationship between the total revenue and the total expenditure specific to a household in Romania. For the period 2010 – 2014 in our country the total expenditure recorded a growth rate faster than the total revenue. Between the two indicators there is a very strong relation and its meaning is positive, thus the total revenue obviously influences the total expenditure.

Keywords

• total revenues
• total expenditure
• consumer
• chronological series