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Define the term propensity of consume. - Economics

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प्रश्न

Define the term propensity of consume.

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उत्तर

The term propensity to consume refers to the relationship or schedule that shows how consumption expenditure varies with different levels of income. 

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अध्याय 18: Consumption Function {Propensity to Consume) - TEST QUESTIONS [पृष्ठ १८.१७]

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आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 18 Consumption Function {Propensity to Consume)
TEST QUESTIONS | Q B. 6. (i) | पृष्ठ १८.१७
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