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प्रश्न
Give the types of propensity to save.
लघु उत्तर
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उत्तर
- Average Propensity to Save: It refers to the ratio of total savings to total income.
APS = `S/Y` - Marginal Propensity to Save: It refers to the change in savings due to a change in income.
MPS = `(ΔS)/(ΔY)`
where (ΔS) is the change in savings and (ΔY) is the change in income.
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