Examlex
By participating in a ritual,the participants signal that they accept the common social and ethical order prescribed by their religion.
Western Europe
A region comprising countries located in the western part of the European continent, often associated with developed economies and democratic governance.
Disposable Income
Income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.
APC
Average Propensity to Consume, which measures the fraction of income that households spend on consumption rather than saving.
MPS
Stands for Marginal Propensity to Save, which is the ratio of the change in savings to the change in disposable income. It indicates how much of an additional income unit is saved rather than spent.
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