Which of the following is one of the consequences of accumulating capital?
A)Accumulating capital requires that society sacrifice consumption in the present.
B)Accumulating capital allows society to consume more in the present.
C)Accumulating capital decreases saving rates.
D)Accumulating capital increases income inequality.

Question

Quizplus · Accepted Answer

Accumulating capital requires resources to be invested for future production instead of being used for immediate consumption. This means that society must sacrifice present consumption in order to build up capital.

Which of the Following Is One of the Consequences of Accumulating