Market-Changing,disruptive Breakthroughs Are Examples of Evolutionary Innovations

question 9

True/False

Market-changing,disruptive breakthroughs are examples of evolutionary innovations.

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Definitions:

Disposable Income

The cash pile households can utilize for their spending and savings needs after income taxes are handled.

MPC

Marginal Propensity to Consume, which represents the ratio of change in consumer spending to a change in household income.

MPS

The marginal propensity to save, which is the proportion of an increase in income that is saved rather than spent on consumption.

Disposable Income

Funds at households' discretion for savings and spending pursuits after the deduction of income taxes.