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Give Reason Or Explain. Saving May Be Used in Future for Unforeseen Contingencies. - Economics

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प्रश्न

Give reason or explain.

Saving may be used in future for unforeseen contingencies.

थोडक्यात उत्तर

उत्तर

 Savings are that part of the income which are not consumed and are kept aside to be used in the future. For any financial contingencies, savings can act as a helpful source of finance. Savings also act as a vital source of funds at the time of future emergencies.

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Total Demand for Good and Services
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 10: Determinants of Aggregates - Exercise 2 [पृष्ठ ९४]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 10 Determinants of Aggregates
Exercise 2 | Q 2.2 | पृष्ठ ९४

संबंधित प्रश्‍न

Define or Explain the following concept:

Effective Demand


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