For example, if a population decides to save more money at all income levels, total revenues for companies will decline causing high unemployment and eventually, lower economic growth.
As many economic downturns are demand-based, exercising thrift now may not be good for the economy as a whole.
Want to know the 7 ways businesses can spend now to save in the future? Read our blog to find out.
Naomi Clews Consultancy
Procurement, Tendering, Business Skills