Explain the components of saving function
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Heya....
Saving function means the functional relationship between savings and income....
Components of saving function..
* Saving... It a part of income that is saved after all the expenditures....
As income of a person is 5000rs it consumed 2000rs among this and rest 3000rs is saving...
* Income... Total money earned by a person...
Example... that above 5000 RS is total income...
Saving function means the functional relationship between savings and income....
Components of saving function..
* Saving... It a part of income that is saved after all the expenditures....
As income of a person is 5000rs it consumed 2000rs among this and rest 3000rs is saving...
* Income... Total money earned by a person...
Example... that above 5000 RS is total income...
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