marginal propensity to consume - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “marginal propensity to consume”

marginal propensity to consume

noun [S]
 
 
( abbreviation MPC)
ECONOMICS the degree to which people will change how much they consume more in relation to a change in income
(Definition of marginal propensity to consume from the Cambridge Business English Dictionary © Cambridge University Press)
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