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Chassis In an automobile, all the subsystems excluding the body is called as Chassis. Construction of the chassis The layout of various subsystems is shown in the figure. In the present manufacturing of the vehicle, the body is separately fabricated and it is mounted over the chassis. The importance subsystems that are connected in the […]
The consumption function or propensity to consume refers to income consumption relationship. It is a “functional relationship between two aggregates viz., total consumption and gross national income.” Symbolically, the relationship is represented as C= f (Y) Where, C = Consumption Y = Income f = Function Thus the consumption function indicates a functional relationship between […]