Really the meaning depend on the necessity of your wants,needs and purchasing power.In this situation how can you loose your present consumption for future saving?.You should have responsibility of saving as a rational man there you must have to forget some wants and needs even you have a purchasing power.There the purchasing power of the sacrificed goods or services can be your saving.You know money has alternative use and decision for saving.In this manner the you have to make saving through necessity rather than necessary for a purchasing for sacrifice a consumption.
Thursday, October 7, 2010
What is the meaning of sacrifice present consumption for future saving?
Really the meaning depend on the necessity of your wants,needs and purchasing power.In this situation how can you loose your present consumption for future saving?.You should have responsibility of saving as a rational man there you must have to forget some wants and needs even you have a purchasing power.There the purchasing power of the sacrificed goods or services can be your saving.You know money has alternative use and decision for saving.In this manner the you have to make saving through necessity rather than necessary for a purchasing for sacrifice a consumption.