Savings are therefore any income that is not spent, but put aside. In an economic sense we would also include buying shares or securities as part of this.
Savings are a leakage or withdrawal from the circular flow.
Specialisation - Concentrating in the production of one good or service. A programme of free market and supply side reforms that multilateral agencies such as the IMF lay down as conditions for lending funds Structural unemployment - Those out of work because of a permanent decline in the demand for an industry's product. Subsidy - Money given to producers to reduce costs hence the market price of a good or service. Supply - The amount of a good which producers are both willing and able to sell at a given price. Supply will be determined by factors like the costs or production and the objectives of the firm.