savings in an economy impact the level of investment in the economy. if the households save more, then this will lead to capital formation in the economy which will boost the economic situation of the nation.
the principle need of planning in underdeveloped countries like india is to increase the rate of economic development.it means increasing the rate of capital formation by raising the levels of income,saving and investment:-)»»
Well, let's think about it like a happy little tree. A family picnic can be an economic activity if you consider the cost of food, transportation, and supplies. But remember, the true value of a family picnic comes from the joy and togetherness it brings, not just the money spent. So, whether it's economic or not, the memories created are priceless.
when government borrowing increases interest rates
I think it could be fishing, I may be wrong I do not really know. Hope that helps
As less capital becomes available for borrowing, interest rates typically rise due to increased competition for the limited funds. This can lead to reduced consumer and business spending, as loans become more expensive and harder to obtain. Consequently, economic growth may slow, as investments in expansion or consumption decline. Additionally, individuals and businesses may prioritize saving over spending, further impacting overall economic activity.
Some people may have a higher level of financial literacy, understand the importance of saving for retirement, have clear retirement goals, or have experienced the consequences of not saving enough. Personal values, beliefs, and attitudes towards money can also influence an individual's commitment to saving for retirement. Social influence and external factors such as income level, access to retirement plans, and economic stability can also play a role in determining one's commitment to saving for retirement.
An economic upheaval
the principle need of planning in underdeveloped countries like india is to increase the rate of economic development.it means increasing the rate of capital formation by raising the levels of income,saving and investment:-)»»
Well, let's think about it like a happy little tree. A family picnic can be an economic activity if you consider the cost of food, transportation, and supplies. But remember, the true value of a family picnic comes from the joy and togetherness it brings, not just the money spent. So, whether it's economic or not, the memories created are priceless.
cannot invest. interest rates may drop the economic climate may affect it you will get ur monety back guarantedd
There aren't enough jobs that people may qualify correctly for
Do your School of Oriental and African Studies (SOAS), Intermediate Economic Analysis essay yourself. - No cheating!
when government borrowing increases interest rates
I think it could be fishing, I may be wrong I do not really know. Hope that helps
When government borrowing increases interest rates.
Consumer credit is important to our economy because it allows individuals to make purchases and investments that they may not be able to afford upfront. This stimulates economic activity by increasing spending and demand for goods and services. However, excessive consumer credit can lead to debt burdens and financial instability, which can negatively impact economic growth and stability. It is important for consumers to use credit responsibly to maintain a healthy balance between spending and saving.
The globalization of capitalism may be the most significant economic change in the paste 100 years. Its impact on our lives may rival that of the Industrial Revolution.Source: Essentials of Sociology - James M Henslin