Budget Group

(redirected from Budget Rent a Car)
Also found in: Wikipedia.

Budget Group


the group of the goods and services that characterize the volume (calculations per family or per capita) and structure of consumption. It is employed for calculating the budget index and for characterizing the standard of living of families. The group is formed from food products, industrial goods, and services. The group of food products, where physiological norms of consumption serve as the criterion, is considered the most valid. The compilation of groups of industrial goods and of services (which undergo substantial changes) is much more complicated and less reliable. There are various types of budget groups: the subsistence minimum, well-to-do budget, and standard (constructive) budget. By means of such budget groups, the various degrees to which workers’ needs are satisfied are established—levels of satisfaction that are determined by the historical development and social structure of society and that characterize the volume and structure of consumption. A particular weight is ascribed to every group of goods and services, corresponding to the group’s role in the consumer budget. The development of budget groups (general groups and groups for cross sections of social groups and for different regions of the country) that ensure the fullest and most rational satisfaction of the needs of the toiling masses is one of the pressing economic problems in the USSR. Budget groups are usually made up for families of a particular size and composition on the basis of budget investigations of the population. There are two methods of compiling budget groups. The first is based on the personal evaluation of the investigator, who decides what a family needs in order to carry on a particular way of life. In this case, the composition of the budget group depends, to a large extent, on the individual tastes of the investigators. The second method is based primarily on the study of the patterns of actual budgets; it is only partially based on expert estimates. Standard consumption calculations cover about 75-80 percent of the articles of the budget group.

In the USA the standard budget for industrial and office workers from 1920 to 1962 was worked out by the Committee for Research in Social Economics of the University of California, under the name of the “Heller budget”; since 1963, it has been made up by the Bureau of Labor Statistics of the Department of Labor. The budget is calculated for a family of four (husband, wife, and two children). The Bureau of Labor Statistics has an interest in minimizing the total size of the standard budget, which is used to determine pay rates when collective bargaining agreements are concluded.


Mentioned in ?
References in periodicals archive ?
com, a leading car rental marketplace has announced the addition of Budget Rent a Car for multiple destinations within Israel.
To get the Gateway loyalty card, customers can collect a Gateway application from any Budget Rent a Car location in the UAE, fill it out and hand over to a staff member.
Dubai: Budget Rent A Car said on Monday it won the coveted aACAyUAE's Leading Car Rental Company' recognition at the 21st World Travel Awards, dubbed as aACAythe Oscars of the travel industry'.
Jaidah Automotive, a subsidiary of Jaidah Group, has sold 60 new cars to the Qatari franchise of the global car rental firm Budget Rent a Car.
EARLIER this year Budget Rent a Car International held its Middle East Regional Meeting in Dubai, which was attended by Budget principals and all licensees from the Mena region.
Budget Rent a Car System, Inc, a US-based car rental company, has announced new one-way rates for customers from Florida and Arizona, US.
The award honours the company's decision to become the first rental car company to provide a 100 percent smoke-free fleet by withdrawing Avis Rent A Car and Budget Rent A Car vehicles in the United States and Canada.
Budget Rent A Car has announced savings on vehicles for rent at neighborhood locations this fall.
Air Canada has named Avis and Budget Rent A Car, both part of the Avis Budget Group Inc (NYSE: CAR), as its preferred worldwide car rental suppliers.
Avis Budget Group has teamed up with TransCore and Highway Toll Administration (HTA) to supply eZGo Anywhere wireless toll collection transponders for its car and truck rental fleet of vehicles to serve customers of Avis Rent A Car, Budget Rent A Car and Budget Truck Rental.
Avis Budget Car Rental LLC (formerly Cendant Car Rental Group), the parent company of Avis Rent A Car and Budget Rent A Car, said the opportunity to work with Rent One Online presents a new market opportunity for the company.
I want to echo the unpleasant experience described by a reader [Postcards, March/April] when he and his partner asked Budget Rent a Car to waive the second-driver fee--supposedly a corporate policy.