Question

What are the determinants of propensity to consumer other than income? Explain.

Answer 1

Answer:

The main factors that drive the marginal propensity to consume (MPC) are the availability of credit, taxation levels, and consumer confidence. According to Keynesian economic theory, the propensity to consume can be influenced by government economic policy.

Explanation:

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Answer 2

The main factors that drive the marginal propensity to consume (MPC) are the availability of credit, taxation levels, and consumer confidence. According to Keynesian economic theory, the propensity to consume can be influenced by government economic policy.