Economy, asked by pandey02preeti, 2 months ago

Can paradox of thrift situation occur in real life

economy? Why or why not? Illustrate with examples.​

Answers

Answered by Anonymous
1

Answer:

paradox of thrift was popularized by the renowned economist John Maynard Keynes. It states that individual try to save more during an economic session, which essentially leads to a fall in aggregate demand and hence in economic growth.

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