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We found 4 dictionaries that define the word Average propensity to consume:

General (1 matching dictionary)
  1. Average propensity to consume: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. Accounting, Business Studies and Economics Dictionary (No longer online)
  2. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (Average propensity to consume)

noun:  (as well as the marginal propensity to consume) a concept developed by John Maynard Keynes to analyze the consumption function, which is a formula where total consumption expenditures of a household consist of autonomous consumption (Ca) and income (or disposable income (Yd)) multiplied by marginal propensity to consume (c1 or MPC).


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