Asked by Bryce Folsom on Jun 22, 2024
Verified
Saving is low in many DVCs primarily because income is very equally distributed.
Equally Distributed
A situation where resources, wealth, or opportunities are shared uniformly among all members of a population.
- Analyze the effects of income distribution on savings and investment in DVCs.
Verified Answer
MS
Mattison StephensonJun 28, 2024
Final Answer :
False
Explanation :
Saving is low in many DVCs primarily because of several factors such as low income levels, lack of access to financial services, and inadequate education on financial management, among others. Income inequality may also contribute to low saving rates in some cases, but it is not the primary factor.
Learning Objectives
- Analyze the effects of income distribution on savings and investment in DVCs.