Question

how are miser and spendthrift equally selfish elaborate

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Answer 1

Answer:

Misers and spendthrifts

Misers are people who hoard money. They like having it more than spending it. When they have to spend on something, they hence are more likely to go out of their way to save a little. Spendthrifts are the opposite of misers. They like spending money.

Answer 2

Yes, the given statement is correct. Both the miser and spendthrift are equally selfish.

• Here both the miser and spendthrift are equally selfish because they both are self-centered regarding the utilization of money.
• Here, the miser is a person who doesn't like to spend their hard-earned money. Therefore, they are found to be sometimes over conscious about their expenses.
• On the other hand, the people who are spendthrift tend to spend too much money and sometimes it's saving money on things which are not always necessary to buy.
• Hence, the given statement is correct and the above-given reasons prove the given statement is true.