Examlex
In Figure 8.6b,why would generalists survive better than specialists?
Saving
The portion of income not spent on current consumption but set aside for future use, often in a deposit account or as an investment.
Disposable Income
The sum of funds a family can use for expenditures and savings once income taxes are deducted.
APC
Average Propensity to Consume (APC) is a measure of the fraction of income spent on consumption rather than saving in an economy.
Disposable Income
Discretionary income for households to utilize in their saving and spending after the enforcement of income taxes.
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