An economy in which the whole income is not consumed is r...
An economy in which the whole income is not consumed is referred to as______
Frugal economy
Spend thrift economy
Capitalist economy
Mixed economy
Correct answer is A
A frugal economy is an economy in which the income is shared between consumption and saving or consumption and investment i.e
γ = c + s or γ = C + I
Contractionary monetary policy is used to ...
Which of the following crops can be referred to as Nigeria’s current export crops? ...
A black market can occur when ...
Which of the following will not affect the market price of a commodity? ...
A Tax which takes a higher percentage from higher incomes is called? ...
Using the table calculate the net income ...
In Nigeria, unemployment can be minimized through______? ...