Home > Terms > Serbian (SR) > склоност

склоност

Economics abounds with propensities to do various things: consume, save, invest, import, and so on. In each case, it is important to distinguish between the average propensity and the marginal one. The average propensity to consume is simply total consumption divided by total income. The marginal propensity to consume measures how much of each extra dollar of income is consumed: the percentage change in consumption divided by the percentage change in income. The value of the marginal propensity to consume, which determines the multiplier, is harder to predict than the value of the average propensity to consume.

0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Tijana Biberdzic
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: History Category: World history

Анадолија

Полуострво између источног Медитерана и Црног мора, такође познато као Мала Азија. На раскрсници Европе и Азије, била је вечита мета освајача почевши ...

Contributor

Featured blossaries

Samsung Galaxy S6 and S6 Edge

Category: Technology   4 4 Terms

Exotic buildings in China

Category: Arts   1 4 Terms