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Consumer Credit as a Factor of Long-Term Economic Efficiency


Artur Khachatryan
(about the author)

Khachatryan Artur Nikolaevich –

Published in:
Russian Journal of Entrepreneurship
– № 4-1 / April, 2011



Keywords: consumer credit, human capital, investment multiplier, long-term efficiency, private households, production resources


Citation:
Artur Khachatryan (2011). Consumer Credit as a Factor of Long-Term Economic Efficiency. Russian Journal of Entrepreneurship, 12(4), 157-162. — url: http://bgscience.ru/com/lib/2802


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Abstract:

The article analyzes the investment aspect of consumer credits. According to the author, long-term efficiency of private households depends on investments in human and physical capital. Improvement of human economic efficiency is considered to be a consequence of technological modernization of human living conditions and education, which are financed by consumer credits.







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