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Definition of

relative income hypothesis


belief that people care about others' incomes the theory that consumers are concerned less with their absolute living standards than with consumption relative to other consumers

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Definitions of ’relative income hypothesis’ and meaning of ’relative income hypothesis’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’relative income hypothesis’ and other financial terms with our online QFINANCE Financial Dictionary.

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