Examlex
Which of the following factors is more characteristic of task-oriented groups than it is of social groups?
MPC
The marginal propensity to consume, which represents the proportion of an increase in income that is spent on consumption rather than being saved.
Saving
The share of earnings not used for immediate spending but saved or invested for future needs.
Consumption Function
An economic formula representing how consumer spending is related to various factors, including income levels.
Personal Saving
Personal saving is the portion of personal income that is not expended on consumption or taxes and is instead saved for future use.
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