Chapter 18 Highlights the Fact That Up Until This Point

question 17

Essay

Chapter 18 highlights the fact that up until this point, we have discussed a number of different theories of delinquency. Pick your "favorite" theory that we have discussed so far and describe this theory to the best of your ability. What are the main assumptions of the theory? What are the strengths and weaknesses of the theory?

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Definitions:

Public Saving

The portion of the government's revenue that remains after accounting for government spending.

Private Saving

The portion of households' income that is not spent on consumption but saved for future use.

Loanable Funds

The sum of money available for borrowing, influenced by savings and investments, within an economy at any given time.

National Saving

The total amount of saving in a country, equal to the sum of private and public saving, representing the national income not spent on consumption or government expenditure.