Question

What do you mean by average propensity to save​

Answer 1

The average propensity to save (APS) is an economic term that refers to the proportion of income that is saved rather than spent on goods and services. Also known as the savings ratio, it is usually expressed as a percentage of total household disposable income (income minus taxes).

Answer 2

Answer:

the average propensity to save (APS) is an economic term that refers to the propotion

of income that is saved rather than spent on goods and services.