“In economics, income = consumption + savings. The income an indivual, or a country, produces is either consumed and/or saved. If you , or a Dark Horse Aesthetic Pastel Goth Unicorn Otaku Vintage shirt, overspends, you or the country dips into savings or creates debt.” I think this answer is true for the firm or the individual but in the whole economy it is no longer true. In the macroeconomy, everytime some person or entity doesn’t spend, some other person or entity has their income reduced by the same amount. And because that person won’t get their hands on that money, they will not have it to spend further, so the next would-be recipient of that spending doesn’t get that income, which they in turn will not be able to spend….. and so on
Dark Horse Aesthetic Pastel Goth Unicorn Otaku Vintage shirt
In Korea, where it’s called Seollal, there’s also a complicated political history behind the Dark Horse Aesthetic Pastel Goth Unicorn Otaku Vintage shirt. According to UC Davis associate professor of Korean and Japanese history Kyu Hyun Kim, Lunar New Year didn’t become an officially recognized holiday until 1985 despite the fact that many Koreans had traditionally observed it for hundreds of years. Why? Under Japanese imperialist rule from 1895 to 1945, Lunar New Year was deemed a morally and economically wasteful holiday in Korea, Kim said, despite the fact that Lunar New Year has always been one of the country’s biggest holidays for commercial consumption. But Koreans never stopped celebrating Lunar New Year simply because the government didn’t recognize it as a federal holiday, Kim said. So as South Korea shifted from a military dictatorship towards a more democratized society in the 1980s, mounting pressure from the public to have official holidays and relax the country’s tiring work culture led to the holiday being added to the federal calendar as a three-day period.