1
Question
Define marginal propensity to save.
Open in App
Solution
Marginal
Propensity to save refers to the percentage change in savings for every
one rupee of change in the income. It is the ratio between the change in income and its corresponding change in consumption.
Marginal Propensity to save= savings / Income
Marginal Propensity to save refers to the percentage change in savings for every one rupee of change in the income. It is the ratio between the change in income and its corresponding change in consumption.
Marginal Propensity to save= savings / Income
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
