Question

 Fill in the blank with appropriate alternatives given in the bracket: 

The part of income not spent is________. 

Options

• 1.saving

• 2.consumption 

• 3.investment

• 4.capital

Answer 1

The part of income not spent is saving.
Explanation:
Income has two main components i.e., savings and consumption. Thus, if the income is not spent on consumption of goods and services, it is saved by the consumers.