A Note on Economic Analysis of Consumer Demand for Raw and Processed Fluid Milk in Lahore

Muhammad S. Anjum

Abstract


One of the first and most noticeable features of early stages
of economic development is a marked increase in the demand for food.
This is brought about by two factors: a rapid expansion of the entire
population and a wide¬spread prosperity that may both raise the general
level of income and increase the proportion of the high and middle
income groups, especially in the urban centres. Except for changes in
age distribution, population growth causes the demand for all types of
food to expand whereas rising per capita income creates a much larger
demand for particular types of food such as milk and other dairy
products.

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DOI: https://doi.org/10.30541/v17i4pp.495-510

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