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What is the definition of consumer debt 2024?

Harper Gonzales | 2023-05-07 09:37:13 | page views：1411
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Oliver Green

Works at the International Renewable Energy Agency, Lives in Abu Dhabi, UAE.
In economics, consumer debt is the amount owed by consumers, as opposed to that of businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate.
2023-05-17 09:37:13
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Amelia Brown

QuesHub.com delivers expert answers and knowledge to you.
In economics, consumer debt is the amount owed by consumers, as opposed to that of businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate.
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