Saving
The income that is not used for consumption is called disposable income
Saving
It is called the marginal propensity to consume, or MPC
income consumption curve is the collection of points of the consumer's equilibrium resulting from varying income.....
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
The income that is not used for consumption is called disposable income
Saving
the difference between income and consumption
It is called the marginal propensity to consume, or MPC
income consumption curve is the collection of points of the consumer's equilibrium resulting from varying income.....
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
Market Consumption Capacity is basically the income of the middle class. (The percentage share of the middle class in consumption/income)
They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.
to the level of disposible income
all the points at which consumption and income are equal
It is the part of consumption that does not depend on income.
With a total consumption budget, there is no net income or savings.