Examlex
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APS
Average Propensity to Save; the proportion of income that an individual or population saves rather than spending on consumption.
Consumption Function
As income rises, consumption rises, but not as quickly.
John Maynard Keynes
A British economist whose theories on government intervention in economies (Keynesian economics) have greatly influenced modern macroeconomic policies, particularly regarding the use of fiscal and monetary measures.
Karl Marx
A 19th-century philosopher, economist, and political theorist known for his critique of capitalism and the development of Marxist theory.
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