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What is the conscious interpretation of external stimuli?
Disposable Income
Available monetary resources for households post-income tax for spending and saving purposes.
Consumption
The use of goods and services by households. It is a primary component of economic activity and a key indicator of economic health.
Dissaving
Dissaving occurs when expenditures exceed income, leading to a depletion of savings or the accumulation of debt.
APC
The abbreviation for Average Propensity to Consume, which is the fraction of income that is spent on consumption rather than saved.
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