Examlex
In the interest formula I = Prt, the P stands for
Autonomous Consumption
The level of consumption that occurs when income is zero, representing basic necessities that individuals will purchase regardless of their income.
APC
It is defined as the proportion of income that goes into consumption expenses, termed as the Average Propensity to Consume.
Disposable Income
Fiscal assets at households' disposal for spending and saving after income taxes have been subtracted.
Consumption
Households' utilization of both products and services.
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