Propensity to Consume and Save (With Diagrams)

In this article we will discuss about the Propensity to Consume and Save:- 1. Concept of Propensity to Consume and Save 2. Calculation of Propensity to Consume and Save 3. Graphical Representation. Concept of Propensity to Consume and Save: J. M. Keynes was the first economist to describe the relation between consumption and income in a systematic way. He pointed [...]