in your own word why individual saving are considered inefficient for the economy?
Homework Answers
It can be mentioned that if an individual is bound to savings, then what happens is that the money earned from his work is is kept in the bank for no reason the money to be invested for investment purposes such as stocks can get to reduce as a result of which the available money in the economy is not used for the production purposes which might make the production and output levels not reach the efficient level or the expected level and that is the reason why it can be mentioned that savings is considered as inefficient to the economy
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your own word why individual saving are considered inefficient for
the economy?
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