Paradox Of Thrift Definition

You are seeing definition of Paradox Of Thrift in Business Terms Dictionary

Maybe this is not completely definition of Paradox Of Thrift but this is the best definition of Paradox Of Thrift at this time that we found. In future, this definition of Paradox Of Thrift can be modified, please visit our Business Terms Dictionary more frequently to get latest information.

Home » Business Terms Dictionary » Paradox Of Thrift

Definition Of Paradox Of Thrift:

paradox of thrift In economics, the theory that while it is beneficial for an individual to save a considerable amount of his or her income, the same action by a large proportion of the population will result in recession caused by insufficient aggregate demand.
The paradox is that what is good for the individual is not necessarily good for the whole.

Other Definition Of Business Terms:

For your more easier in looking up our business terms dictionary, we classified definitions of business terms in several types. Please select one type below:
Salary Accounting | Tax Accounting | Inventory Accounting | Finance Accounting | Purchase Accounting | Bond Accounting | All Types

Thank you for visiting Business Dictionary website. We are conituning to upadate more Business terms to Business Dictionary. Please visit this website usually to get new Business definitions. We also provide some more dictionaries, you can find out as below:
Medical Dictionary | Law Dictionary | Legal Dictionary | Business Dictionary | Financial Dictionary | Computer Dictionary | Slang Dictionary