A Group Is Two or More Freely Interacting Individuals Who

question 100

True/False

A group is two or more freely interacting individuals who share collective norms and goals and have a common identity.

---

Definitions:

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.

APC

The average propensity to consume, which is the fraction of total income that is spent on consumption as opposed to being saved.

Saving

The portion of income not spent on consumption, often set aside for future investments or expenditures.