Axis
Banned
these three terms are related in some way that is underdeveloped economy,cost of living, savings
when an economy is underdeveloped in a particular country this can give a negative effect to the cost of living in such countries as well as the saving rate of individual dwelling or living in the country.
as an underdeveloped economy the rate of unemployment will be very high and we know that when people are an employee that is there have no jobs to use and help their self financially their cost-of-living will be very high they will find it a challenge to pray for yourself materially and financially and thus they will have a decrease in their rate of saving.
and also in a underdeveloped country the capital income is usually you and when the income is usually low beam tenancy in which large-scale business will thrive in such a country is slim due to the low capital income that is available in such an economy. and when these industries are not built they will be unemployment among individuals does the cost of living also high and savings will be affected too.
And so it is important for the government to look into their economic sector improving and developing the economics status of the country to saving among individuals
when an economy is underdeveloped in a particular country this can give a negative effect to the cost of living in such countries as well as the saving rate of individual dwelling or living in the country.
as an underdeveloped economy the rate of unemployment will be very high and we know that when people are an employee that is there have no jobs to use and help their self financially their cost-of-living will be very high they will find it a challenge to pray for yourself materially and financially and thus they will have a decrease in their rate of saving.
and also in a underdeveloped country the capital income is usually you and when the income is usually low beam tenancy in which large-scale business will thrive in such a country is slim due to the low capital income that is available in such an economy. and when these industries are not built they will be unemployment among individuals does the cost of living also high and savings will be affected too.
And so it is important for the government to look into their economic sector improving and developing the economics status of the country to saving among individuals
