Maharashtra State BoardHSC Commerce 12th Board Exam
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Define 'Or' Explain the Following Concept. - Economics

Short Note

Define 'or' explain the following concept.

Propensity to save

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Solution

The propensity to save depends upon the level of income. This is because a person can save more if his income increases. When level of income increases more than minimum required level of consumption and expenditure, a person will not spend more on consumption therefore his ability and desire to save more will increase.

Concept: Consumption Function and Propensity to Save
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