Question

Construct an example of your own that would illustrate why a consumer would wish to spread his consumption over time rather than consuming it all now. In another example, demonstrate that a consumer would wish to consume all his income now, rather than spreading it over time.

Answer 1

in this case, there are two things the one point explains: that the consumer is systematically spreading the consumption over the time and as per the Systematic selection of Expenditure areas and on the other hand consumer good wish to consumers income now rather than spreading it over time.
It can be better explained with the help of an example when the consumer is new in the market means consumers start earning and now consumers wish to spend is earning and to maintain a proper resources and the commodities for the settlement then the consumer will manage the budget and organise each and every expenditure according to the plant way and as per the coming settlement in the new Society at this is the only reason why the consumer is spreading all is income in different commodities selection it will give a proper satisfaction and a systematic influence over his expenditure.
On the other hand, consumers spending all our income right away rather than spreading it over the time means the consumer is least concerned about the time period like to save something and to spend in some coming years so in this situation consumer spending all his income on the current expenditure this is the keys where consumer have in a Savings and now the consumer is living in a luxurious life so whatever the expenditure he is expecting is try to spend on the particular time rather than to wait for a correct time to spend these are the two live examples which can easily explain the situation when the consumer is going to spend money right now and when the consumer is going to spread their income or expenditure over the period of time.