A standard production possibilities model representing the trade-off between final goods (food and basic necessities) and intermediate goods (capital, farm equipment, etc.) can be used to model a source for economic growth. specifically, when resources are reallocated from final goods in the form of savings or deferred consumption to intermediate goods through investment in capital equipment, the additional capital will lead to future increases in productivity and growth. suppose, however, you are looking at an economy near subsistence, where all resources are needed to provide for the basic caloric and health needs of the population. in your opinion, should this country's economic policy promote the accumulation of capital, a requirement for more savings and investment

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21-06-2022
Business

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A standard production possibilities model representing the trade-off between final goods (food and basic necessities) and intermediate goods (capital, farm equipment, etc.) can be used to model a source for economic growth. specifically, when resources are reallocated from final goods in the form of savings or deferred consumption to intermediate goods through investment in capital equipment, the additional capital will lead to future increases in productivity and growth. suppose, however, you are looking at an economy near subsistence, where all resources are needed to provide for the basic caloric and health needs of the population. in your opinion, should this country's economic policy promote the accumulation of capital, a requirement for more savings and investment

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gauravsingh23VT gauravsingh23VT · Answer 1 · 2022-07-05T12:24:53+02:00

The capital and investment of the country needs to promote as it boost the country's economy. To invest also helps in further development of the production possibilities.

What is the importance of savings and investment in the economy?

Increased overall savings would result in larger investments and faster GDP growth. Because of the high savings rates, there is more capital available, which boosts the nation's economic growth.

Saving equals investment is a basic tenet of macroeconomic accounting. Savings are, by definition, income less expenditures.

Thus, The capital and investment of the country needs to promote as it boost the country's economy.

For more details about importance of savings and investment in the economy, click here:

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