“Households are the principal source of savings. But businesses are the main economic investors.” Briefly explain

What will be an ideal response?

The primary source of savings in any given economy comes from households in the form of lower present consumption. Savings get transferred to economic investors through banks and other financial institutions such as insurance companies and mutual funds. Our current economic system would not work properly without household savings and the economic investment that those saving generate.

Economics

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The Bureau of :Labor Statistics has been compiling an experimental CPI for the elderly, called CPI-E

a. True b. False

Economics

In order for a production possibilities curve to shift to the right, which of the following must occur?

A) government involvement B) increasing consumer wants C) economic growth D) reductions in the supply of resources

Economics