Examlex
We assume the marginal benefit of consumption ________ as we consume fewer units of a good.
Disposable Income
The net income available to households or individuals after accounting for taxes, which can be spent on consumption or savings.
Consumption
The use of goods and services by households, one of the primary components that determine the overall level of economic activity in an economy.
Billion
A numerical value represented as 1,000 million (1,000,000,000) in the short scale, commonly used in financial and demographic statistics.
MPS
The marginal propensity to save, which is the proportion of an additional unit of income that is saved rather than spent.
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