What do economists mean when they state that investment is spending on “goods for the future”?
Please provide the best answer for the statement.
It is easiest to explain this statement by realizing that consumption is spending on goods and services for the present. The resources that are not used for consumption can be devoted to goods or services that can be used in future production. For example, investment in education, machinery, factories, equipment, and tools are types of spending that will be used in expanding production of consumer goods and services in the future.
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Refer to Figure 1A.1. If the hours worked per week are 20, the income per week is
A) 50. B) 100. C) 150. D) 200.
A leading apparel brand in the U.S. opens a workshop in Bangladesh. This is an example of ________
A) import by the U.S. B) a foreign portfolio investment C) a foreign direct investment D) export to Bangladesh