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5 November, 11:35

According to John Maynard Keynes, what is the "paradox of thrift"? Do you think it is true? Explain

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  1. 5 November, 12:18
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    Definition of 'Paradox Of Thrift' Definition: Paradox of thrift was popularized by the renowned economist John Maynard Keynes. It states that individuals try to save more during an economic recession, which essentially leads to a fall in aggregate demand and hence in economic growth.

    Explanation:

    I don't think that it is true because our economic is growing very rapidly and it is all about economics.
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