Maharashtra State BoardHSC Commerce 12th Board Exam
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Fill in the Blank with Appropriate Alternatives Given Below that Part of Income, Which is Not Spent on Consumption, is Called __________. - Economics

MCQ

Fill in the blank with appropriate alternatives given below

That part of income, which is not spent on consumption, is called __________. 

Options

  • expenditure

  • saving

  • investment

  • publicdebt

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Solution

That part of income, which is not spent on consumption, is called saving.

Explanation:
Individuals incur expenditure on consumption from the income. However, not all of the income is spent on consumption, rather a part of it remains unspent. This unspent part of the income is called as savings.

Saving = Income – Consumption

Concept: Concept of Aggregate Demand and Aggregate Supply
  Is there an error in this question or solution?
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 10 Determinants of Aggregates
Exercise | Q 1.2 | Page 93
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