Economy, asked by aadibhagat24321, 10 months ago

What is the relation between Income, Consumption and Saving ?

Answers

Answered by siddharth233

Answer:

income consumption and saving is interrelated

as under...

Explanation:

Y = C + S

here Y is income

C is consumption

S is saving

consumption and saving are the parts of income . that means income constitutes saving and consumption . The more is the consumption the less would be saved and vica - versa.

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