FULL FORM OF GDS
GDS stand for Gross Domestic Savings. We know that GDP is the money that combines of all the final goods of of various products in the domestic territory of a country in a particular year. Hence Gross Domestic Product measures the total output of goods and services for final use within a country regardless of the allocation to domestic and foreign claims.
A part of the GDP is consumed. The remaining after the consumed is saving. Hence Gross Domestic saving is the Gross Domestic Product minus final consumption. The saved money is either kept with the public or is reinvested,when money is reinvested it is known as capital formation. The ratio of saving and investments is very important for the economic growth of the country.
The Gross Domestic Saving has two parts. First is Public Sector and second is Private sector. The largest segment of Private Sector is the Household Sector. Another segment of the private sector is the private corporate sector.
A part of the GDP is consumed. The remaining after the consumed is saving. Hence Gross Domestic saving is the Gross Domestic Product minus final consumption. The saved money is either kept with the public or is reinvested,when money is reinvested it is known as capital formation. The ratio of saving and investments is very important for the economic growth of the country.
The Gross Domestic Saving has two parts. First is Public Sector and second is Private sector. The largest segment of Private Sector is the Household Sector. Another segment of the private sector is the private corporate sector.
Comments
Post a Comment