The three broad reasons for saving, as identified by economists, are reasons relating to:
A) consumption, investment, and exports.
B) national, public, and private production.
C) the life-cycle, precaution, and bequests.
D) capital gains, capital losses, and deficits.

Question

Quizplus · Accepted Answer

The three broad reasons for saving, as identified by economists, are the life-cycle (planning for expected events such as retirement), precaution (saving for unexpected events such as job loss or health emergencies) and bequests (passing on wealth to heirs).

The Three Broad Reasons for Saving, as Identified by Economists