Other things the same, the higher the rate of saving and investment in a country, the higher will be the standard of living.

Question

Quizplus · Accepted Answer

When the rate of saving and investment is high, more resources are available for productive investment which leads to an increase in productivity, output, and income. This, in turn, results in higher standards of living for the people. Higher investment rates can lead to the development of infrastructure, technology, and education which can further boost economic growth and improve standards of living.

Other Things the Same, the Higher the Rate of Saving