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
Трка језика
One of the first online language competitions that allows users to add terms and definitions in their native languages at TermWiki.com in order to ...
Contributor
Featured blossaries
architected
0
Terms
27
Blossaries
14
Followers
Everything Football Related
Browers Terms By Category
- Software engineering(1411)
- Productivity software(925)
- Unicode standard(481)
- Workstations(445)
- Computer hardware(191)
- Desktop PC(183)
Computer(4168) Terms
- Rice science(2869)
- Genetic engineering(2618)
- General agriculture(2596)
- Agricultural programs & laws(1482)
- Animal feed(538)
- Dairy science(179)
Agriculture(10727) Terms
- Ceramics(605)
- Fine art(254)
- Sculpture(239)
- Modern art(176)
- Oil painting(114)
- Beadwork(40)
Arts & crafts(1468) Terms
- Cosmetics(80)
Cosmetics & skin care(80) Terms
- General architecture(562)
- Bridges(147)
- Castles(114)
- Landscape design(94)
- Architecture contemporaine(73)
- Skyscrapers(32)