saving is the function of:
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Explanation:
Savings refers to the proportion which is not utilized at present and is saved for future. It is a function of income where, Saving function is S= s + Y(1-b) where s=autonomous savings, (1-b)= marginal propensity to save, and Y= income.
Answered by
1
Explanation:
Savings refers to the proportion which is not utilized at present and is saved for future. It is a function of income where, Saving function is S= s + Y(1-b) where s=autonomous savings, (1-b)= marginal propensity to save, and Y= income.
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