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Distinguish Between: Consumption and Saving - Economics

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प्रश्न

Distinguish between:

Consumption and Saving

फरक स्पष्ट करा
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उत्तर

Consumption Savings
Consumption is that part of the income that is spent on buying goods and services. This is the unspent part of the income.
It is the expenditure incurred by households on the gross domestic product. The savings are used for investment in business enterprises.
Example: Expenditure incurred on purchase of food, clothes etc Example: Amount deposited in fixed deposits.
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पाठ 10: Determinants of Aggregates - Exercise 3 [पृष्ठ ९४]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 10 Determinants of Aggregates
Exercise 3 | Q 1.4 | पृष्ठ ९४
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