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9 March, 09:44

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

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  1. 9 March, 10:14
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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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