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CaHeK987 [17]
3 years ago
5

Define the term savings as it is used in economics.

Social Studies
1 answer:
Olenka [21]3 years ago
8 0

Answer: Savings can be defined in terms of economics as:

A. income that is not used for consumption.

Explanation: When an income earned by someone is not used for consumption or to for any business services but is stored or kept somewhere save and restricted. This is known as Savings.

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