Is low savings a problem countries along with low savings, Ask an Expert

Economics

Is low savings a problem?

Countries along with low savings are caught into the vicious circle of poverty: there low savings, implies low investment low productivity therefore low income and low savings.

Higher incomes allow higher savings thus investment, higher output, capital formation or accumulation and income and higher savings and many more.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9580122

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