This is when large amount of money or funds is obtained from investors and pooled together for the purposes of saving this form of extracting funds and saving. This is what is called mutual funds. It is so advantageous in that through saving of this funds which is collected from many investors it may boost the economic growth in which the country can grow to greater heights and avoid inflation.
It raises the living standards of persons as they are able to engage themselves in some activities of saving and be able to change their lives and be able to become independent by moving from the poverty and to becoming successful in life.
It may create employment opportunities to the investors whereby the mutual fund can create employment opportunities and reduce unemployment risks that may make the nation to languish in poverty since the state need employment to the youths so as the work force can increase and lead to employment opportunities thus make both the youths and the business personnel earn a living through the employment.
This mutual fund may have a great significant whereby it may lead to development of infrastructure such as smooth roads which may lead to higher production activities, transport and communication networks in the country. This will boost the economy.
It also encourages the act or rather the culture of saving the money as they are sure to get some interest from the fund since they are able to access their accounts and get to know their saving details and also encourage others the culture of saving funds. Thus all the generation can keep in mind that there is a weighty of similar resources to the economy as it plays a big role.
Through same fund the business people can get encouragement or rather creates the interest of saving whereby there is loan and interest services this may enable the development of social, economic and political status of people. Through the same resources the investors can can borrow loans and develop themselves without any difficulties or any hindrance.
Revenue to the government, through the mutual fund the central government can acquire revenue through tax from the interest of the saving these may make the country to develop into greater heights and enable the government to operate smoothly and also develop rapidly since the money are obtained from the revenue of same fund as it is a pool of resources. Also the same fund can enable the government to encourage investors through political stability and good governance.
The mutual fund has many importance whereby it brings people or rather the businessmen together and promote the art of saving in the nation thus boost the economic growth and offer employment opportunities in the government thus leading to the development of a country. The importance of saving is very important to an individual and the entire society.
It raises the living standards of persons as they are able to engage themselves in some activities of saving and be able to change their lives and be able to become independent by moving from the poverty and to becoming successful in life.
It may create employment opportunities to the investors whereby the mutual fund can create employment opportunities and reduce unemployment risks that may make the nation to languish in poverty since the state need employment to the youths so as the work force can increase and lead to employment opportunities thus make both the youths and the business personnel earn a living through the employment.
This mutual fund may have a great significant whereby it may lead to development of infrastructure such as smooth roads which may lead to higher production activities, transport and communication networks in the country. This will boost the economy.
It also encourages the act or rather the culture of saving the money as they are sure to get some interest from the fund since they are able to access their accounts and get to know their saving details and also encourage others the culture of saving funds. Thus all the generation can keep in mind that there is a weighty of similar resources to the economy as it plays a big role.
Through same fund the business people can get encouragement or rather creates the interest of saving whereby there is loan and interest services this may enable the development of social, economic and political status of people. Through the same resources the investors can can borrow loans and develop themselves without any difficulties or any hindrance.
Revenue to the government, through the mutual fund the central government can acquire revenue through tax from the interest of the saving these may make the country to develop into greater heights and enable the government to operate smoothly and also develop rapidly since the money are obtained from the revenue of same fund as it is a pool of resources. Also the same fund can enable the government to encourage investors through political stability and good governance.
The mutual fund has many importance whereby it brings people or rather the businessmen together and promote the art of saving in the nation thus boost the economic growth and offer employment opportunities in the government thus leading to the development of a country. The importance of saving is very important to an individual and the entire society.
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