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Question
What is the full form of MPC?
What is the full form of MPC?
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Solution
MPC stands for Marginal Propensity to Consume. It is defined as the proportion of an aggregate raise in income that is spent by a consumer on goods and services instead of saving it.
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MPC stands for Marginal Propensity to Consume. It is defined as the proportion of an aggregate raise in income that is spent by a consumer on goods and services instead of saving it.
Also read:
Learn about more questions and answers on business studies and various other commerce topics from our website.
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