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A merchant intermediary does not take title to goods.
Public Savings
The portion of national savings held by the government, typically reflected in budget surpluses.
Personal Income
The total amount of income earned by an individual from all sources before any taxes are deducted.
Autonomous Consumption
Describes the expenditure that consumers will make even when they have no income, considering it as a basic level of consumption driven by needs.
Saving
The act of setting aside money for future use, reducing current consumption.
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