Define average propensity to save.

1.	Define average propensity to save.
Answer» Average propensity to save is the ratio of saving to income. In other words, A.P.S = \(\frac{Saving }{ Income}\)

Answer»

Average propensity to save is the ratio of saving to income. In other words,

A.P.S = \(\frac{Saving }{ Income}\)

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