Economy

What is national savings? »Its definition and meaning

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It must be considered that saving is a surplus of any economic good that remains at the end of a period. Taking this into account, then, we have that national saving is a monetary input that is intended to save it for the future, should an emergency arise. There are a series of factors that can affect and influence this act and are determined by the economic policies of the State, it is the case of the changes that can occur in the interest rate that can make the population of a nation feel motivated or not to save and thus be able to contribute positively or negatively, given that the higher the return on savings, the accumulation goal set by the Government can be met.

Saving is extremely important for the present and economic future of any nation. Since ancient times, this activity was implemented but with a variable and that is that at that time there were no economic goods that were used. China and Egypt were one of the first nations to save their crops for the future as a precaution, but it was not until 1942 that the first savings organization was born to take care of those who were victims of partial or total theft. During this period, what we know today as Banks also began to be created.

Within the context of the economy and public finances, saving is carried out by different agents such as: government, people and companies.