Maharashtra State BoardHSC Arts 12th Board Exam
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Define Or Explain the Following Concept.Disposable Income. - Economics

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Define or explain the following concept.

Disposable income.

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Solution

Disposable income

(i) Disposable income or Personal disposable income is that part of personal income which is left after payment of personal direct taxes like income tax, personal property tax, etc.

(ii) Disposable income is used for consumption or saving.

Concept: Concept of National Income
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