Question

A healthy habit of saving among people leads to economic growth explain​

Answer 1

Explanation:

Higher savings can help finance higher levels of investment and boost productivity over the longer term. ... If people save more, it enables the banks to lend more to firms for investment. An economy where savings are very low means that the economy is choosing short-term consumption over long-term investment.

Answer 2

Explanation:

Higher savings can help finance higher levels of investment and boost productivity over the longer term. ... If people save more, it enables the banks to lend more to firms for investment. An economy where savings are very low means that the economy is choosing short-term consumption over long-term investment