Literature on Macroeconomy/Macro Characteristics (Please note, no need to write about definition as I already have done this myself.Please write in PhD level standard)

· Order Id:99200
· Literature and perspective of macro-economic characteristics (ie. how they impact on further individual economic activities, WEALTH MANAGEMENT, ability to save, financial literacy and financial management)
LITERATURE AND PERSPECTIVE OF MACRO-ECONOMIC CHARACTERISTICS
Introduction
In the era of global revolution, there is an upscaling attention given to the growth of the revenues of a business. On a broader note, the shareholders and future investors are more intrigued in the accurate forecasting of the business growth models. The purpose of this literature and perspective is to analyze the macroeconomic model and the interlink of the impact of macroeconomic in the variable factors – Financial Management, Financial Literacy and Wealth Management. The resulting inference of this literature research is the inference drawn from the multi-domain models of financial growth as a result of the macroeconomic factors.
Attributes
The Macroeconomic factors involved in the study were inflation rates, exchange rates, interest rates and GDP. The features of the Macro-economic model include the following as depicted in the graph by the Organisation for Economic Co-operation and Development (OECD) (Yumashev et al., 2020).
Savings Ability
According to Egbunike and Okerekeoti (2018) GDP has a positive relation with the savings rate and the economic growth. This reflects that propensity to save of a defined population have a positive correlation with the economic factors enlisted above. The rate of savings in an economy is known to have a positive relation with the security sense, profitability expectations and the long-term future plans. The key pattern is the greater the rate of income differentiation in the society, the greater is the savings pattern distortion.
Financial Literacy
The significance of the Financial Literacy after the global financial crisis due to the ignorance of the individuals (Mainly households) has a sheer effect on the lack of the...