Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1

Expl:- NDPmp + NFIA = NNPmp

GDPmp + NFIA + GNPmp

For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as net saving

If any country will produce only consumer good, then gradually the country will become poor as there will be no exchange of other goods and the economy of that country will highly be affected.

The Advertisement and public relations of selling expenses are part of intermediate consumption.

According to Nobel Prize winner Frederick Wan, Forced Saving in an economic situation in which consumer spend less than their disposable income, not because they want to save but because the goods they seek are not avoidable or because goods are too expensive.

1. Inspired by the Swadeshi movement, Abanindranath Tagore painted his famous image of Mother India, in which she is depicted as an ascetic figure.

2. A nephew of the Indian poet and artist Rabindranath Tagore, Abanindranath was exposed to the artistic inclinations of the Tagore family at an early age.

1. 'The History of British India' is a book written by Scottish economist James Mill in 1817.