Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th
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Consumption Function

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Topics

description

  • Meaning of Consumption Function
  • Technical Attributes of the Consumption Function
  1. The Average Propensity to Consume
  2. The Marginal Propensity to Consume
  3. The Average Propensity to Save (APS)
  4. The Marginal Propensity to Save (MPS)
  • Keynes’s Psychological Law of Consumption
  • Determinants of Consumption function: Subjective and Objective Factors
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