Examlex
A(n) closed system does not exchange energy with its surroundings.
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Saving
The process of setting aside a portion of current income for future use, either by depositing it into a bank or purchasing a financial asset.
Disposable Income
The sum of funds available to a person or family for spending or saving once income taxes are subtracted.
Consumption
The action or process of using goods and services for personal use or enjoyment within an economy.
APS
Acronym for Average Propensity to Save, which is the proportion of income which is saved, usually expressed as a percentage of total household income.
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