propensity to consume — ▪ economics in economics, the proportion of total income or of an increase in income that consumers tend to spend on goods and services rather than to save. The ratio of total consumption to total income is known as the average propensity… … Universalium
propensity to consume — /prəˌpensɪti tə kən sju:m/ noun the ratio between consumers’ needs and their expenditure on goods … Marketing dictionary in english
Marginal propensity to consume — In economics, the marginal propensity to consume (MPC) is an empirical metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income… … Wikipedia
Average propensity to consume — (APC) is the percentage of income spent. To find the percentage of income spent, one needs to divide consumption by income, orAPC=frac{C}{Y}. In an economy in which each individual consumer saves lots of money, there is a tendency of people… … Wikipedia
Average Propensity To Consume — The average propensity to consume (APC) refers to the percentage of income that is spent on goods and services rather than on savings. One can determine the percentage of income spent by dividing the average household consumption (what is spent)… … Investment dictionary
marginal propensity to consume — UK US noun [S] (ABBREVIATION MPC) ► ECONOMICS the degree to which people will change how much they consume more in relation to a change in income … Financial and business terms
Marginal Propensity To Consume - MPC — A component of Keynesian theory, MPC represents the proportion of an aggregate raise in pay that is spent on the consumption of goods and services, as opposed to being saved. Let s illustrate this with an example. Suppose you receive a bonus with … Investment dictionary
propensity — pro‧pen‧si‧ty [prəˈpensti] noun propensities PLURALFORM [countable] 1. a tendency to behave in a particular way: • The plastic bodied car s propensity to catch fire killed demand. 2. marginal propensity to consume ECONOMICS the relationship… … Financial and business terms
propensity to save — ▪ economics in economics, the proportion of total income or of an increase in income that consumers save rather than spend on goods and services. The average propensity to save equals the ratio of total saving to total income; the marginal… … Universalium
marginal propensity to consume — rate of resources from each unit of available additional income that are set aside for needs, mpc (Economics) … English contemporary dictionary
Marginal propensity to save — The marginal propensity to save (MPS) refers to the increase in saving (non purchase of current goods and services) that results from an increase in income i.e. The marginal propensity to save might be defined as the proportion of each additional … Wikipedia