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ollegr [7]
3 years ago
7

How do the relationships of income consumption and saving affect economy?

Social Studies
1 answer:
krek1111 [17]3 years ago
7 0

Explanation:

There is direct relationship between income and saving, i.e., if income increases, saving also increases but by less than increase in income. It means as income increases, proportion of income saved increases (because proportion of income consumed decreases). (ii) At lower level of income, saving is negative.

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     In his engaging novel "The Life of Olaudah Equiano," the author reflects on his journey from being a slave to a free man in the 19th century. Olaudah Equiano creates a realistic picture of the horrors and cruelties of European slavery via his experiences and words. Olaudah Equiano's account is ultimately intended to alert the British government to the brutal treatment of slaves as well as encourage them to cease the Atlantic slave trade. By gently presenting points through the use of descriptive language, character, action, and scene, he successfully achieves his aim.

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Hello,

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