Question

How can you use the information to help with your financial planning or purchacing decisions? can you suggest ways that helping households and consumers make better financial decisions is beneficial to the economy?

Answer 1

Information helps me forecast the future requirements and understand the needs that will arise in the foreseeable  future. On this basis, financial planning will be done to meet the funding requirements of the organization or purchase decisions will be taken so that production & operations run without hiccups and as per the orders brought by the marketing team. So, information if the key that brings accuracy in the decisions and help organization do what is most needed by them.

There are different ways that make it beneficial for economy in the given scenario:

1. Making better financial decisions, help them achieve good returns and have positive outlook towards the economy. It stimulates the demand.
2. Helping people make better financial decisions, make them spend more as they have already planned. It boosts the economy.

3. It makes funds available for the businesses and flow of capital accelerates with better financial planning decisions.