Krugman's Economics For The Ap® Course
Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
Question
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Chapter P4, Problem 1RQ
To determine

The difference between saving and investing.

Expert Solution & Answer
Check Mark

Explanation of Solution

People save money according to their needs especially in a bank account so that they can get minimal interest on their savings. People do this as it is safe for them to keep money in a bank and they can withdraw when they want to use those savings such as to buy a car, or house, to accomplish any goal, or to deal with any emergency.

Whereas, investing is different from savings which means investing savings or income from where people can get a higher return or grow in the business. Mainly people invest in stocks, property, and shares of a mutual fund.

Economics Concept Introduction

Introduction: People use money for different purposes. Some people invest money from where they can get higher profits in the future and some save money for their future needs.

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Chapter P4 Solutions

Krugman's Economics For The Ap® Course

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