Import propensity

By:
Updated: Aug 20, 2021

The proportion of the national income that is spent on imports. This can be measured both on average and at the margin. The short-run marginal propensity to import may be higher than the average, particularly at periods of high demand, because of supply constraints in the domestic economy.

Reference: Oxford Press Dictonary of Economics, 5th edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.