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The Impact of Population Income Growth on Bread Consumption

Author

Listed:
  • Daniela Maracine

    (The Bucharest University of Economic Studies)

  • Lăcrămioara Alina Dracea

    (The Bucharest University of Economic Studies)

  • Maria Girip

    (The Bucharest University of Economic Studies)

Abstract

The income of the population is the main decision-making factor of consumption, being the main source through which the goods intended for consumption are purchased. This paper analyzes the influence of income growth on the consumption of bread and loaf products, considered basic foods in the diet of Romanians. With the help of the Data Analysis program, Pearson correlation coefficient will be determined, based on income and consumption data for 2016-2020, provided by the National Institute of Statistics. The direction and intensity of the influence of income on consumption will be identified. The results will show that as the income values of a household increase, the consumption of bread and bread products decreases, one reason being the replacement of bread with other foods, the transition to a more balanced diet, in which bread is consumed in a well-defined quantity.

Suggested Citation

  • Daniela Maracine & Lăcrămioara Alina Dracea & Maria Girip, 2021. "The Impact of Population Income Growth on Bread Consumption," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 341-344, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:341-344
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    More about this item

    Keywords

    bread consumption; people's income; income-consumption correlation; market;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D16 - Microeconomics - - Household Behavior - - - Collaborative Consumption
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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