Economists explain that India needs to increase its rate of savings. An obstacle to this is: Options: A . &nbsp the prevalence of conspicuous consumption B . &nbsp the absence of a good network of financial institutions in the rural areas C . &nbsp erosion in the value of savings as a result of inflation D . &nbsp the availability of white goods

Economists explain that India needs to increase its rate of savings. An obstac

Question

Economists explain that India needs to increase its rate of savings. An obstacle to this is:

Options:

A . the prevalence of conspicuous consumption

B . the absence of a good network of financial institutions in the rural areas

C . erosion in the value of savings as a result of inflation

D . the availability of white goods

Answer: Option C
:
C

(c)

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