Examlex
When Andrew went shopping,he noticed different brands of cookies on the shelf of a supermarket.He purchased a package based on a cursory comparison of other brands on the shelf.What kind of a purchase was made by him?
Saving Too Little
A situation where individuals or countries do not save enough income or resources for future needs, potentially leading to financial instability.
Disposable Income
Financial means left for households to spend and save after income tax obligations.
APC
Average Propensity to Consume refers to the ratio of consumption expenditure to income.
APC
Commonly stands for Armored Personnel Carrier, but in economic contexts, it can refer to the Average Propensity to Consume, which indicates the fraction of income that is spent on consumption.
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