MPS
Abbreviation with 3 meanings
| Stands for | Marginal propensity to save |
|---|---|
| Meanings | 3 |
| Categories | Business & Finance, Education & Academia |
MPS has three meanings. The most common are Marginal propensity to save (economics) and Master of Professional Studies (degree); it can also stand for Master production schedule.
Meanings of MPS at a glance
| # | MPS stands for | Context |
|---|---|---|
| 1 | Marginal propensity to save | Business & Finance › Economics |
| 2 | Master of Professional Studies | Education & Academia › Degree |
| 3 | Master production schedule | Business & Finance › Logistics, Supply Chain & Trade |
1. Marginal propensity to save
Business & Finance · Economics Abbreviations
Share of an additional unit of income that a household saves rather than spends. Together with the marginal propensity to consume, it always sums to one.
Example: With an MPS of 0.25, a household saves 25 cents of every extra dollar it earns.
Higher-income households typically have a higher MPS. In simple Keynesian models the multiplier equals 1 divided by MPS, so economies with high saving rates see smaller multiplier effects from government spending. The "paradox of thrift" describes how higher saving by everyone at once can reduce total income.
2. Master of Professional Studies
Education & Academia · Degree Abbreviations
Applied graduate degree for working professionals, offered in fields such as project management, applied statistics, urban design and supply chain. Cornell, Georgetown and Penn State are among the universities that award it.
Example: Georgetown offers its MPS programs in the evenings and online for working professionals.
Written M.P.S. The title signals an emphasis on practice and career skills over research, and programs rarely require a thesis. Content varies widely by school, so employers look at the named field and the institution rather than the degree title.
3. Master production schedule
Business & Finance · Logistics, Supply Chain & Trade Abbreviations
Plan stating which finished products will be made, in what quantities and when, usually by week, which drives material requirements planning.
Example: Sales wants more units in June, but the MPS is frozen for the next four weeks.
Planners use "time fences" to limit changes to the near-term MPS and keep production stable.
Related abbreviations
More economics abbreviations
- MC – Marginal cost
- MFN – Most favored nation
- MMT – Modern monetary theory
- MPC – Monetary Policy Committee
- MR – Marginal revenue
- NAIRU – Non-accelerating inflation rate of unemployment
- NBER – National Bureau of Economic Research
- NFP – Nonfarm payrolls
See all 81 economics abbreviations →