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Geographer Lee Liu Studying the Spatial Patterns of Agriculture in Parts

question 64

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Geographer Lee Liu studying the spatial patterns of agriculture in parts of China,found soils in intensively used fields near villages were


Definitions:

APC

Average Propensity to Consume, the ratio of total consumption to total disposable income, indicating how much income is spent on goods and services.

APS

Average Propensity to Save, a macroeconomic term that refers to the proportion of total income which is saved by households in an economy.

APC

Average Propensity to Consume, which is a measure of the percentage of income that is spent on goods and services rather than being saved.

Income

Funds regularly amassed from labor or capital invested.

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