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Total Saving
The total amount of income saved by individuals, businesses, and the government, not spent on current consumption.
Disposable Income
The amount of income left for an individual or household after paying all taxes, available for spending, saving, or investing.
Autonomous Consumption
The level of consumption that occurs when income is zero, showing the basic level of consumption necessary for survival.
Permanent Income Hypothesis
A theory suggesting that people's consumption decisions are based on their long-term income expectations rather than their current disposable income.
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