In this lecture we are going to discuss, what is full employment and its definition as per the syllabus of economics class 12 CBSE Board. This topic is concerned with Determination of Income and Employment unit of Macroeconomics class 12.…
What is Marginal Propensity to consume The ratio (proportion) of change in consumption expenditure to change in income, is called Marginal Propensity to consume (MPC). Formula of Marginal Propensity to Consume MPC = Change in Consumption Expenditure/Change in income What…
Average propensity to consume (APC) is the ratio of consumption expenditure (C) and income (Y), which indicates the averagepercentage of income that is spent on consumption. It can be algebraically expressed as: APC= Y propensity to save (APS) is the…
In this lecture, We are going to discuss what is propensity to save, its types as per the syllabus of Macro-Economics class 12 CBSE Board. we will also discuss what is Average propensity to save and, marginal propensity to save,…
In this lecture, We are going to discuss what is propensity to consume and its types as per the syllabus of Macro-Economics class 12 CBSE Board. we will also discuss what is Average propensity to consume and marginal propensity to…
