Fill in the blank with appropriate alternatives given below That part of income, which is not spent on consumption, is called __________.

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That part of income, which is not spent on consumption, is called saving. Explanation: Individuals incur expenditure on consumption from the income. However, not all of the income is spent on consumption, rather a part of it remains unspent. This unspent part of the income is called as savings. Saving = Income – Consumption

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