Time preference for consumption
Time preference for consumption is the preferences of consumers for current consumption as opposed to saving for future consumption.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Time preference for consumption. The preferences of consumers for current consumption as opposed to saving for future consumption.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
