Economy, asked by jasleenkr2003, 11 months ago

what is meant by propensity to consume? explain its diffrent aspects in detail. (6marks)​

Answers

Answered by humiliatorFox
3

Explanation:

Answer. Propensity to consume refers to the tendency to consume with the given amount of income in the economy. two type of propensities are. APC refers to Average Propensity to Consume which defines the amount of consumption in every 1 rupee of income for all level of income.

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