{"id":121542,"date":"2022-05-18T11:55:12","date_gmt":"2022-05-18T06:25:12","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=121542"},"modified":"2022-05-18T11:55:12","modified_gmt":"2022-05-18T06:25:12","slug":"as-the-income-increases-people-tend-to-save-more-justify-the-given-statement","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/education\/as-the-income-increases-people-tend-to-save-more-justify-the-given-statement","title":{"rendered":"\u2018As the income increases, people tend to save more\u2019. Justify the given statement."},"content":{"rendered":"<h2>\u2018As the income increases, people tend to save more\u2019. Justify the given statement.<\/h2>\n<h3>Answer.<br \/>\nAt a lower level of income, a consumer spends a larger proportion of his\/her income on consumption expenditure (basic survival requirements). As the income increases, owing to the psychological behavior of a consumer (rational), people tend to consume less and<br \/>\nsave more for future uncertainty.<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\u2018As the income increases, people tend to save more\u2019. Justify the given statement. Answer. At a lower level of income, a consumer spends a larger proportion of his\/her income on consumption expenditure (basic survival requirements). As the income increases, owing to the psychological behavior of a consumer (rational), people tend to consume less and save [&hellip;]<\/p>\n","protected":false},"author":21830,"featured_media":121526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-121542","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-education"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=121542"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121542\/revisions"}],"predecessor-version":[{"id":121543,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121542\/revisions\/121543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/121526"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=121542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=121542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=121542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}