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What is the following best explains why some people are more strongly motivated to save money than other people?

People assess future risks differently from each other.


Why do some people are more strongly motivated to save money than other people?

Some people are more strongly motivated to save money due to a combination of personal values, financial education, and life experiences. Those who have experienced financial hardship or instability may prioritize saving to achieve security and peace of mind. Additionally, individual goals, such as homeownership or retirement, can drive a stronger desire to save. Cultural influences and societal norms also play a role in shaping attitudes toward saving and spending.


What is more important people or money?

It depends. If you are a materialistic person itwould be money. If you were more caring and compassionate it would be people.


Should economic growth be sacrificed if necessary in order to reduce poverty?

No. Economic growth is the best way to reduce poverty. Economic growth creates jobs. Economic growth should not be sacrificed, it should merely be more inclusive. More people should experience the benefits of it. Economic growth is a good thing. When economic growth slows or stops, people start worrying about themselves and stop worrying about others. When economic growth is good and people have jobs and money, they are more interested in helping others. When corporations make money, they expand and hire more people. Then those people have money to purchase goods and services. The companies who sell those goods and services hire people to produce those goods and provide those services.


What caused the economic downturns in the late 1800s?

Businesses made more goods than people had the money to buy.

Related Questions

Are some people more strongly motivated to save money than other people?

Some people assess future risk more than others. In many cases it is also a part of education and upbringing.


Why are some people more strongly motivated to save money than other?

Some people assess future risk more than others. In many cases it is also a part of education and upbringing.


Why do people flock in certain cities and not others?

people do that because they think that other cities have more money so they pay the workers more money.


Reason for motivation?

People are motivated by different things. Family members can motivate people, as well as money. When managers know what motivates people they can get more work completed in a day.


What is the following best explains why some people are more strongly motivated to save money than other people?

People assess future risks differently from each other.


What motivated Disney to set theme parks abroad?

The chance to make more money.


Why people are more important than money?

People are more important than money because relationships, emotions, and experiences bring fulfillment and happiness that money cannot buy. Money is a tool to facilitate our lives, but ultimately it is the connections we have with others that give life meaning and purpose. Prioritizing people over money leads to a richer and more meaningful life.


How did individualism impact the development of Capitalism?

The whole idea of Capitalism is based on Individualism. The idea is, the more people are motivated to get the more they give. In an Economic standpoint the way it works is: the harder you work- the more money you get. Therefore people have more motivation to work... which eventually ends up in more tax money. So everyone gains. The hardworking citizens and the country.


How managers can be motivated to act in the shareholders' interest?

Profit sharing, the more money the manager makes, the more the shareholders make.


Why are some animals in greater danger than others?

Because some of their pelts (or fur) are more beautiful than others. Therefor they are worth more causing people to kill them so they can make money.


Is it not discrimination if an employer singles out a group if people in the work place because they make more money per hour than others?

It's not unusual for an employer to expect more out of employees who make more money than others. The treatment would have to be blatantly unreasonable and unfair for there to be a discrimination case.


Why are some people more motivated than others?

Some people are more motivated than others due to a combination of factors including intrinsic and extrinsic motivators, personal values, and individual goals. Psychological traits such as resilience, self-discipline, and optimism also play a significant role in sustaining motivation. Additionally, environmental influences, such as support systems and life experiences, can shape a person’s drive. Ultimately, motivation is a complex interplay between internal desires and external circumstances.