strategy
Improving savings
Synonyms:
Growing savingsEncouraging saving
Description:
Among the factors determining the rate of economic growth, the capacity to save and to invest has long been considered one of the most important. The surplus of production over consumption creates the basis for the augmentation of future output. The lack of resources for investment has thus been identified as a principal constraint to economic and social growth; policy prescriptions are often been concerned with means of raising the rate of saving. Narrower:
Improving domestic savingsMobilizing personal savingsIntroducing savings loan serviceStimulating local savings campaignFostering increased personal savingsEncouraging saving in developed countries Facilitates:
Investing savings Problems:
Inadequate savingsSubjects:
Commerce → SavingsSocietal Problems → Safety
Agriculture, Fisheries → Cultivation
Development → Reform
Type Classification:
C: Cross-sectoral strategies Related UN Sustainable Development Goals:
