Question

What is saving??????????...​

Answer 1

Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.

Answer 2

Answer:

SAVINGS:-

The portion of incomes which is not used for consumption is known as savings . Thus income = consumption expenditure + savings. Saving is a good means of capital formation .