Sociology, asked by PragyaTbia, 11 months ago

What do you mean by Savings? Define Average Propensity to Save and Marginal Propensity to Save.

Answers

Answered by tanu3199
3
The average propensity to save (APS) is an economic term that refers to the proportion of income that is savedrather than spent on goods and services. Also known as the savingsratio, it is usually expressed as a percentage of total household disposable income (income minus taxes).
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