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MATCHING
Complete the following using the terms listed.
-Management's acceptance of the obligation to consider profit, consumer satisfaction, and societal well-being of equal value in evaluating the firm's performance is _____.
Savings
The portion of income that is not spent on current expenditures and instead set aside for future use.
Disposable Income
The disposable capital for households' spending and saving endeavors after income taxes.
Consumption
The process of purchasing goods and services to fulfill the needs and wants of individuals.
Average Propensity
The ratio of total consumption to total income, indicating how much income is spent rather than saved.
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