Question

Give the meaning of hoarding?

Answer 1

Answer:

Hoarding is defined as savings. The income that one gets is not consumed by the person. They save it and the hoarded income is not consumed at all,  

Explanation:

We can only infer that intended savings in the modern sense are equivalent to classical savings plus hoarding because the excess of intended savings over intended investment in modern analysis produces the same economic effects as an increase of hoarding in classical economics.