Impact of Market Dynamics on Household Consumption Expenditure
Loading...
Date
2023-09-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Uganda Christian University
Abstract
Market dynamics has been considered as a major tool of influence on how markets operate in conjunction on how individuals are faced with a challenge on how to make consumption decisions based on their needs. This research is intended to investigate the effect of market dynamics on household consumption expenditure in Mukono district. Several scientific research, as well as some economic theories, advocate a positive relationship between changes in market prices and how consumers allocate their expenditure patterns.
The purpose of this study is to examine the impact of taxes, price volatility and consumption patterns on household expenditure. In order to asses and analyse the impact of this topic, quantitative and qualitative research approach were applied whereby data was collected from the different individuals around Buguju using a questionnaire as they presented their views concerning how they manage changes in prices with the daily business operations and consumption. The explanatory variables of taxes, price changes and consumption patterns were examined using econometric analysis and Ordinary Least Square linear regression.
The study's conclusions showed a positive significant relationship between changes in market price and how much consumers spend on other goods and services as well as a significant relationship between consumption expenditure with a change in taxation. The study recommends continuing to study how market dynamics change during crises (e.g., pandemics, economic recessions) and the subsequent shifts in household consumption behaviours and priorities.
Description
This is a dissertation.