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According to the need to belong theory, who is likely to pay the most attention to social information?
Saving Function
The relationship between the level of saving and the level of income, typically showing that saving increases as income increases.
Consumption Function
An economic formula that expresses the relationship between total consumption and gross national income, indicating how much households are likely to spend.
Disposable Income
Disposable income refers to the amount of money individuals or households have available to spend or save after income taxes are deducted.
Marginal Propensity
The ratio of change in an economic variable (e.g., consumption, saving) to a change in another economic variable (e.g., income).
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