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Why is saving important for economic growth and development?​

Sagot :

Answer:

Saving is important to the economic progress of a country because of its relation to investment. If there is to be an increase in productive wealth, some individuals must be willing to abstain from consuming their entire income

Explanation:

Answer:

Tagalog: Ang pag-iimpok ay mahalaga sa pag-unlad ng ekonomiya ng isang bansa dahil sa kaugnayan nito sa pamumuhunan. Kung magkakaroon ng pagtaas sa produktibong yaman, ang ilang indibidwal ay dapat na handang umiwas sa pagkonsumo ng kanilang buong kita.

English:Saving is important to the economic progress of a country because of its relation to investment. If there is to be an increase in productive wealth, some individuals must be willing to abstain from consuming their entire income.

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Explanation:

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