Maharashtra State Board course HSC Science (Computer Science) 12th Board Exam
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Distinguish Between :Propensity to Consume and Propensity to Save. - Economics

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Question

Distinguish between :

Propensity to consume and Propensity to save.

Solution

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 
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APPEARS IN

 2012-2013 (March) (with solutions)
Question 3.1.6 | 2.00 marks
Solution Distinguish Between :Propensity to Consume and Propensity to Save. Concept: Consumption Function and Propensity to Save.
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