Examlex
The term coined by Mueller to describe that each type of sensory nerve is specific to a particular sensory modality, such as vision or hearing, is
Induced Consumption
An increase in spending on goods and services caused by an increase in income, reflecting a direct relationship between income levels and consumer spending.
APS
Average Propensity to Save, the fraction of income that is saved rather than spent on consumption goods.
APC
This stands for Average Propensity to Consume, which is the percentage of income that an individual or population spends rather than saving.
APS
Average Propensity to Save; it is a macroeconomic term that represents the proportion of income that is saved rather than spent on consumption. It is calculated by dividing total savings by total income.
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