A Study on Annual Family Consumption Expenditure of Small and Marginal Farmers in Rural Areas of Madurai District
Journal Title: International Journal of Agricultural Science and Research (IJASR) - Year 2019, Vol 9, Issue 3
Abstract
Man is always with a bundle of desires. Every Human in the world has got a unique needs, wants and desires. To satisfy the basic needs such as food, clothing, shelter, light & fuel man earns money and spends his resources available with him. The money spent on durable goods, recreation and entertainment are repetitive in nature. Family is a basic social unit where man lives in groups. The money use pattern of the family to satisfy their needs, wants and desires are often referred as family expenditure which differs from family to family. The foremost factor which decides the family expenditure pattern is the family annual income which also varies with every family. This study was conducted among the small and marginal farmers in rural areas of Madurai district with an objective to document the annual family consumption expenditure. The respondents were grouped into three categories based on their annual income and the amount spent for consumption purpose were calculated and interpreted. The result of the study reveals that expenditure made by the respondents on consumption items increases with the increase in their family annual income. But, the percentage of income allocated for food purchase decreases if income rises.
Authors and Affiliations
Vidhyakar A, Nirmala L
Keywords
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- EP ID EP601278
- DOI 10.24247/ijasrjun201926
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