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