Explain How Tax Provisions to Encourage Private Saving May Reduce

question 140

Essay

Explain how tax provisions to encourage private saving may reduce national saving.

---

Definitions:

Biological Magnification

The method through which the levels of harmful compounds accumulate progressively in each subsequent level of the food chain.

Persistence

A characteristic of certain chemicals that are extremely stable and may take many years to be broken down into simpler forms by natural processes.

Nitrogen Cycle

A biogeochemical cycle that describes the transformations of nitrogen and nitrogen-containing compounds in nature, involving processes like fixation, nitrification, and denitrification.

African Savanna

A grassland ecosystem located in Africa, characterized by open landscapes, diverse wildlife, and seasonal rainfall.