Question

How can we increase the savings of the people of the country.

Answer 1

Answer:Personal savings provide funds that banks can lend to businesses for expansion—what economists call investment in capital goods. When businesses invest in capital goods, the economy grows. For example, suppose a company borrows money to build a new factory. The new factory increases the company's output.

Explanation:

Answer 2

Answer:

We can do so by

1. increasing salary

2. reducing the spending

3. use less expensive ways to do day to day works.

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