Generally, there is an inverse relationship between savings and long-term economic growth

Question

Quizplus · Accepted Answer

The statement is actually false. Savings are necessary for long-term economic growth as they provide capital for investment in productive assets, infrastructure, and research and development which helps in increasing productivity, creating jobs, and boosting economic growth. The more savings there are, the more capital is available for investment, leading to greater economic growth in the long run.

Generally, There Is an Inverse Relationship Between Savings and Long-Term