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State with Reason Whether You Agree Or Disagree with the Following Statement. Savings Are Negative before Break-even Point. - Economics

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प्रश्न

State with reason whether you agree or disagree with the following statement.

Savings are negative before break-even point.

थोडक्यात उत्तर
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उत्तर

The above statement is correct. Breakeven point is achieved where consumption exactly equals income and correspondingly, savings are zero. Below this point consumption exceeds income. In such a situation consumption is financed by drawing from past savings, that is the savings are negative.

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पाठ 10: Determinants of Aggregates - Exercise 5 [पृष्ठ ९४]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 10 Determinants of Aggregates
Exercise 5 | Q 1.5 | पृष्ठ ९४
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