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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Explain why is it difficult to set aside funds for investment when you are in poverty.

To determine

The difficulties to keep funds for investments when you are in poverty.

Explanation

Poor people spend all their income on fulfilling their basic necessities such as food, shelter, etc. Thus, they are not able to save for their future and it causes lack of accumulation and lack of loanable funds for investment...

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