Examlex
Which theorist argued that biological processes are qualitatively transformed into higher psychological functions by developmental processes?
Disposable Income
The liquidity households have for spending and saving, after income taxes have been deducted.
Consumption
The act of using goods and services by households that leads to a decrease in their availability.
APC
In economics, stands for Average Propensity to Consume, which is the ratio of total consumption to total disposable income.
APC
Average Propensity to Consume, which is the fraction of income that households spend on consumption as opposed to saving.
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