Question

what is influence of income saving and investment on the industrial growth of country

Answer 1

Explanation:

Savings and investment are extremely important for economic growth because the amount of economic investment that takes place in an economy is limited to the amount of money available (savings) to fund investment projects.

Answer 2

Income saving can help with financing better future investments that  would  help to boost economic growth.

Explanation:

• The influence of higher level of savings and investment can help enhancing productivity because of better levels of investments for a period longer term.
• To improve economic growth higher  level of savings is a key factor in determining growth. Since the economic growth would  increase because more capital is available at reduced interest rate.
• This will also lead to increased investment in capital stock. Therefore  it mean that savings is a an important tool that promotes investment for the  country.

To know more about saving and investment

Discuss the role of saving and investment in capital saving

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