Economy, asked by rogerpianowilson, 1 month ago

what is the relationship between propensity to consume & propensity to save

Answers

Answered by chaudharykartik393

Answer:

The average propensity to save equal the ratio of total saving to total income are marginal propensity to save equal the ratio of change in savings to a change in income. The sum of the propensity to consume and the propensity to save always equal one (see propensity to consume ).

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