Two models of household behavior (consumption and savings) and their impact on economic development

Abstract:

The article analyzes the behavior of households, as one of the most important factors determining the economic development of the country. Consequently, selection of households, there is an influence not only on the economy but also on global development. The results of the study determined that in the world, formed two large economic models: European, based on Asian consumption and high saving rates. Thus countries with high saving rates are donors for countries with consumer behavior.