Distinguish between :
Propensity to consume and Propensity to save.
|Basis of Difference||Propensity to consume||Propensity to save|
|Also known as||Consumption function||Savings function|
|Defines||Relationship between income and consumption||Relationship between income and saving|
Is there an error in this question or solution?
Solution Distinguish Between :Propensity to Consume and Propensity to Save. Concept: Consumption Function and Propensity to Save.