gopal' s father has an annual income of five lakh rupees .out of this he spends three lakhs rupees on good and services . what is the name given in economics to the amount of two lakhs which he has left ?
1. saving
2.consumption
3.investment
4.all of these
Answers
Answer:
all of these
Explanation:
pls mark my answer in brainlest answer
Answer:
Concept:
Saving is an amount of time, money, etc. that you do not have to use or spend.
Find:
what is the name given in economics to the amount of two lakhs which he has left ?
1. saving
2.consumption
3.investment
4.all of these
Given:
gopal' s father has an annual income of five lakh rupees .out of this he spends three lakhs rupees on good and services .
Explanation:
Saving is the coorct answer.
Actually people earn money to fulfill both their present and future needs. If they spend their whole income today then nothing will remain for future and then they won't be able to satisfy their wants tomorrow. But if there is saving, then it can be used in future So saving is the amount of income which is carried forward to future after meeting the current expenditure on goods and services and other things.
Saving = Income - Consumption
2. consumption is not correct answer.
3. Investment us not correct answer because investment means invest some money.
4. all of these is also bit correct answer because saving is the correct answer
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