Briefly explain how the miserliness of Ebenezer Scrooge might actually be beneficial for economic growth

What will be an ideal response?

Ebenezer Scrooge is known for his unwillingness to spend money. Refusing to use his money for consumption spending, Scrooge saves his money instead. This saving then becomes available for firms to borrow to finance the building of new factories or research and development. Since growth in the capital stock and technological advance are keys to economic growth, the "stingy" Scrooge may actually promote economic growth.

Economics

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Do competitive markets use resources efficiently? Explain why or why not

What will be an ideal response?

Economics

If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is

A) curvilinear. B) downward sloping. C) vertical. D) horizontal.

Economics