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Figure 5-2
Figure 5-2 shows a market with a negative externality.
-Refer to Figure 5-2.The efficient output level is
Disposable Income
The money that remains for savings and expenses after income tax deductions from a person's or family's earnings is the disposable income.
APS
Average Propensity to Save, the proportion of total income that is saved by a household or economy.
Saving
The act of setting aside a portion of income for future use, typically in a bank account or other secure investment.
Disposable Income
Resources meant for household spending and saving once income tax obligations are settled.
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