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The relationship between income elasticity and utility in the field of economics is important. As income increases, the level of utility also increases, reflecting Engel's Law. For example, when income increases from 1000 soums to 2000 soums, the amount spent on consumption can increase from 600 soums to 1100 soums. Income elasticity indices typically range from 0.5 to 1.5, indicating the sensitivity of demand for consumer goods to income. Consumption expenditures usually account for 60-80% of the median. In addition, changes in income and consumption can have various effects on consumer spending trends

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11.04.2026