marginal propensity to consume Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “marginal propensity to consume” in the English Dictionary

"marginal propensity to consume" in Business English

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marginal propensity to consumenoun [S]

uk   us   ( 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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