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aleksley [76]
1 year ago
9

How do the actions of living on less than you make, saving for large purchases, and sticking to a budget represent deciding acti

ons?
Business
1 answer:
Rashid [163]1 year ago
7 0

The actions of living on less than you make, sticking to a budget represent deciding actions, and saving for large purchases represent deciding actions as the person is making a conscious decision.

The key to budgeting is considered to be spending less money than you may earn. So, when you tend to spend less than you earn, you can thus start saving money. Here, saving for large purchases represent deciding actions.

However, a budget tend to allow you to meet your personal goals with a system of saving and wise spending. So, here the main purposes are budget are considered to be live within your income.

Hence, the purpose of budgeting includes such aspects.

To learn more about a budget here:

brainly.com/question/14188925

#SPJ4

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Answer:

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Income inequality refers to variation or discrepancy between income levels of individuals. Income inequality arises on various accounts one of which being, difference in abilities and talents.

All individuals possess different skill sets and their efficiencies vary too. Some individuals are more creative and talented than others while some are more laborious and hardworking.

Each skill set has it's own demand and thus, income is fixed as per the demand of a particular skill set for a given sector.

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