In the past, I have spent Christmases in Prague, in the Swiss Alps and in Australia. I also had years of Instagram Christmases in my married days, back when I had a ‘family’ life. You know the kind—picture perfect holidays in a nice big house with glorious food, relatives and friends, and tons of Horror Movie Characters Killers N The Hood shirt.
Horror Movie Characters Killers N The Hood shirt
“In economics, income = consumption + savings. The income an indivual, or a country, produces is either consumed and/or saved. If you , or a Horror Movie Characters Killers N The Hood shirt, overspends, you or the country dips into savings or creates debt.” I think this answer is true for the firm or the individual but in the whole economy it is no longer true. In the macroeconomy, everytime some person or entity doesn’t spend, some other person or entity has their income reduced by the same amount. And because that person won’t get their hands on that money, they will not have it to spend further, so the next would-be recipient of that spending doesn’t get that income, which they in turn will not be able to spend….. and so on