Karuna’s mother saves ₹ 1000/- every month out of her given salary.
Identify and explain the concept from the given illustrations:
Karuna’s mother saves ₹ 1000/- every month out of her given salary.
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Savings.
Saving is a part of income, which is kept aside to meet future needs. In the above illustration, since Karuna’s mother is foregoing her current consumption, it forms part of her savings.
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