What is the full form of MPC?
What is the full form of MPC? Find the answer to this question and access a vast question that is customized for learners.
What is the full form of MPC? Find the answer to this question and access a vast question that is customized for learners.
Answer: The abbreviation of MPC stands for Marginal Propensity to Consume. The definition of MPC can be termed as the aggregate increase in the income that has been spent on the purchase of goods by the consumer instead of saving it.