Examlex
Chase and Simon's research compared memory of chess masters and beginners for the position of game pieces on sample chess boards.They found that the chess master remembered positions better when the arrangement of the pieces was consistent with a real game but not when the pieces were randomly placed.The significance of this finding was that
Disposable Income
The income available for saving and spending after the deduction of income taxes from earnings is known as disposable income.
Consumption
The process by which goods and services are used up or consumed, typically referring to household consumption in economics.
Average Propensity
Average Propensity refers to the average tendency of individuals or entities, such as the average propensity to consume or save, measured over a specific period or income level.
Disposable Income
The available cash reserves for households to spend and save once taxes on income have been settled.
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