KEYNESIAN


Meaning of KEYNESIAN in English

Keynesian theory: men or women are disposed to increase their consumption as their income increase, but not as much as the increase in their income.

Note: Keynes postulated that the rate of change of consumption for one unit change in income, say, one dollar, is greater than zero but less than one.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.