A portion of an individual's total income is spent on consumption. The remaining part is called
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The remaining part is called savings...
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0
Answer:
The ‘remaining part’ is called savings.
Explanation:
According to economics savings is referred to the money which is left over when the amount of a person’s ‘expenditure’ is subtracted from the total income. This is referred to as the disposable during a given ‘time period’.
It is the amount of money which is left after the person has spent on his requirements during a given period of time. If the money is has been spent totally then there are no savings left.
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