हिंदी

Define Marginal Propensity to Save.

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प्रश्न

Define marginal propensity to save.

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उत्तर

Marginal propensity to save refers to the ratio of change in saving to change in total income.

`MPS = "Change in saving(ΔS)"/"Change in income(ΔY)"`

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2016-2017 (March) All India Set 3
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