Maharashtra State BoardHSC Arts 12th Board Exam
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Distinguish Between :Propensity to Consume and Propensity to Save. - Economics

Distinguish between :

Propensity to consume and Propensity to save.

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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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