In a simple economy without government or foreign trade, any income not consumed is called

Question

Quizplus · Accepted Answer

In a simple economy without government or foreign trade, any income not consumed is called saving. Investing refers to allocating resources to produce goods and services with the goal of generating income in the future. Net investment is the difference between investment and depreciation. Depreciation refers to the decrease in value of an asset over time due to wear and tear, technological obsolescence, or other factors. Therefore, the correct answer is C, as saving represents the portion of income that is not consumed.

In a Simple Economy Without Government or Foreign Trade, Any