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An Index of the Economic Welfare of Rural Families
Magrabi, FM., Pennock, JL., Poole, W., & Rachal, J. (1975). An Index of the Economic Welfare of Rural Families. Journal of Consumer Research, 2(3), 178-187.
Total money value of goods and services consumed in a year is proposed as a measure of economic welfare, together with a short, easily administered index for estimating this value
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