The part of income after tax that is not consumed is defined…

JAMB Economics 2023 138 views
Source: JAMB · 2023

The part of income after tax that is not consumed is defined as

  1. Saving ✓
  2. Capital investment
  3. Wages and salaries
  4. Nondurable goods expenditure
Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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