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.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
лимунова трава
herb (fresh or dried stalks or ground) Description: Long, thin, gray-green leaves. Lemon flavor and fragrance, very fibrous. Uses: Fish, chicken, ...
Contributor
Featured blossaries
Silentchapel
0
Terms
95
Blossaries
10
Followers
Mergers and Acquisitions by Microsoft.
Browers Terms By Category
- Hats & caps(21)
- Scarves(8)
- Gloves & mittens(8)
- Hair accessories(6)
Fashion accessories(43) Terms
- Poker(470)
- Chess(315)
- Bingo(205)
- Consoles(165)
- Computer games(126)
- Gaming accessories(9)
Games(1301) Terms
- Plastic injection molding(392)
- Industrial manufacturing(279)
- Paper production(220)
- Fiberglass(171)
- Contract manufacturing(108)
- Glass(45)
Manufacturing(1257) Terms
- Cables & wires(2)
- Fiber optic equipment(1)
Telecom equipment(3) Terms
- General packaging(1147)
- Bag in box(76)