Question

Difference between voluntary and involuntary savings in econics

Answer 1

Voluntary savings refers to the savings by people for providing services to others needy persons.

Involuntary savings refers to the savings by people for earning profit motive.


Voluntary savings such as savings in some services bank or government banks.

Involuntary services such as savings in mutual funds...


HOPE U UNDERSTAND IT

Answer 2

Explanation:

voluntary unemployment if there caernarfon more people working on a project than required like in a farm whole family is working but only 3 are required.

involuntary like you have necessary skillset but there is no industry to employ you.