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In this insightful video, we delve deep into the world of personal finance and uncover the secrets behind two crucial concepts: Average Propensity to Save (APS) and Marginal Propensity to Save (MPS). 📊💰 🔍 What is Average Propensity to Save? APS represents the proportion of income that an individual saves on average. We'll break down the formula and discuss how APS can provide valuable insights into spending habits and financial goals. ➡️ But that's not all! We'll also demystify Marginal Propensity to Save (MPS), which reveals the change in savings due to a change in income. Understanding MPS can empower you to make informed decisions during income fluctuations and economic changes. 💡 Join us as we simplify these concepts with real-world examples, helping you take control of your financial journey. Whether you're a finance enthusiast or just starting, this video will equip you with knowledge that lasts a lifetime. 🚀 Don't miss out on this opportunity to boost your financial literacy! Hit the like button, subscribe for more finance insights, and let's navigate the path to financial success together. 💪 Ecoholics is the largest platform for economics. Download our app: http://ecoholics.in/mobile-app/ Visit our website for further information and resources: http://ecoholics.in/ To Subscribe for Courses - https://subscription.ecoholics.in/ Reach out to us on Whatsapp for further information: https://wa.me/917880107880 If you’re preparing for competitive exams like UPSC IES, RBI DPER or UGC NET then Ecoholics is the one-stop destination for all your learning needs. Study economics the smart way and get an in-depth understanding of this dynamic subject with our holistic approach. Our team of expert faculties help you polish your knowledge and provides you with one-on-one mentorship and doubt-clearing sessions, so you leave no stone unturned when it comes to your preparation. By signing up with us, you can access our live classes, video lectures, test series and get the hard copy of study material delivered to your doorstep, so your preparation never hits a bump! Follow our social media handles to stay updated on all things economics. Follow Ecoholics on Twitter- / ecoholics_in Follow Ecoholics Facebook Group - / 41907. . Follow Ecoholics Facebook Page - / ecoholics8 Follow Ecoholics on Instagram: / ecoholics.in Follow Ecoholics on Telegram: https://t.me/ecoholicsbysanat Become a Member of Largest Community of Economics: https://ecoholics.in/become-a-member/ #aps #mps #averageprspensitytosave #financeinsights #savings #financialliteracy #mariginalpropensitytosave #savingfunction #economics #economic #economists #upsc #rbi #indianeconomicsservice #ias #iitjam #gateeconomics #ugcnet #ugc #jrf #economy #unionpublicservicecomission #ignou #dse #jnu #maentrance #pgentrance