What Is the Difference Between Thematic and Taxonomical Classification? Provide

question 82

Essay

What is the difference between thematic and taxonomical classification? Provide examples of each.

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Definitions:

Diversify

The attempt to spread investment risk by selecting a variety of investment options within a portfolio.

Adage

A short, pointed and memorable saying that expresses a truth or insight.

Private Saving

The portion of an individual's or household's income that is not spent on consumption or taxes and is instead set aside for future use.

National Saving

The total amount of savings generated within a country, which equals the sum of private and public savings.