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What are the five basic stages in the life course?
Loanable Funds
A term in economics referring to the market where savers supply funds for loans to borrowers, influenced by interest rates.
Induces
Induces means to lead or move someone to take action, often by persuasion or influence.
National Saving
The total amount of savings in a country, equal to the sum of private and public savings, representing the portion of national income not used for consumption or government spending.
Consumption
Consumption involves the use of goods and services by households, constituting one of the main components of aggregate demand in an economy.
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