What does Marginal Propensity To Consume mean?
Definitions for Marginal Propensity To Consume
mar·gin·al propen·si·ty to con·sume
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Marginal Propensity To Consume.
Wikipedia
Marginal propensity to consume
In economics, the marginal propensity to consume (MPC) is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers). The proportion of disposable income which individuals spend on consumption is known as propensity to consume. MPC is the proportion of additional income that an individual consumes. For example, if a household earns one extra dollar of disposable income, and the marginal propensity to consume is 0.65, then of that dollar, the household will spend 65 cents and save 35 cents. Obviously, the household cannot spend more than the extra dollar (without borrowing). According to John Maynard Keynes, marginal propensity to consume is less than one.
Numerology
Chaldean Numerology
The numerical value of Marginal Propensity To Consume in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of Marginal Propensity To Consume in Pythagorean Numerology is: 6
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"Marginal Propensity To Consume." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/Marginal+Propensity+To+Consume>.
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