What is the purpose of interest?

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asked Dec 3, 2023 122k views

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Lzzluca · Answer 1 · 2023-12-07T15:43:38+0000

Interest is a key mechanism to ensure that resources are properly allocated within an economy. There are lots of uses to which money can be put: consuming goods, building highways, constructing a new factory, investing to develop a new drug, etc.

What is the purpose of interest?

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