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

Sanja Milovanovic
  • 0

    Terms

  • 5

    Blossaries

  • 1

    Followers

Industry/Domain: Food (other) Category: Condiments

Путер од кикирикија

Путер од кикирикија је хранљиви крем, направљен од целих пржених кикирикија. Користи се обично као намаз за сендвиче у Северној Америци, Холандији, ...

Contributor

Featured blossaries

Unsung Science Heroines

Category: Science   1 11 Terms

Must-Try Philippine Delicacies

Category: Food   4 20 Terms