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Pepsi [2]
2 years ago
8

Analysis the motives that might cause a person to safe rather than to spend

Law
1 answer:
andreyandreev [35.5K]2 years ago
4 0

There are various factors which results people to save rather than spend. First and the most important motive are the bank interest rates on saving. If bank gives very high rates of interest on savings, then more people will be willing to save because the return on savings will be higher than the return on spending. Secondly, if a person has planned to buy expensive luxuries in a near future, he might not spend his income, rather he will also be saving his income for this luxury item. Thirdly, increase in income and wealth is also an important influence on saving. It is true that increase in income increases spending but the same rule happens for savings also especially when the rate of inflation is high.

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It reminded Betsie of a time when she watched her mother push material underneath the foot of the sewing needle. The chain roared while Elaine’s fingers pressed the material. Then she watched as her mother’s finger slipped underneath the foot, punctured by the sharp end of the needle which went all the way through her finger. Elaine didn’t flinch, she finished running that edge, then licked her finger between her thin lips before changing the edge around. Betsie had stared at her mother in wonder.

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Arthur’s eyes flickered.

“I do love your mum. It’s just that, sometimes I don’t like her.”

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