Keypoint
Economics

Average propensity to consume (A.P.C)

It is the proportion of income spent on consumption.

 

← Previous Determinants of Consumption Next → Marginal Propensity to Consume (mpc)

Related Topics

  • Types of Money
  • Money Definition
  • Sources of Government Revenue
  • Achievements of Nigeria As a Member of Opec
  • Problems of Opec

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