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


Fill in the blank with appropriate alternatives given below

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


  • expenditure

  • saving

  • investment

  • publicdebt

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

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