Marginal propensity to consume Guide, Meaning , Facts, Information and Description
The marginal propensity to consume (MPC) refers to the increase in personal consumer spending (consumption) that occurs with an increase in disposable income (income after taxes and transfers). One minus the MPC equals the marginal propensity to save.This is an Article on Marginal propensity to consume. Page Contains Information, Facts Details or Explanation Guide About Marginal propensity to consume