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True, Worldwide is the BBC's commercial wing – the part that makes money rather than spends it – and during Smith's eight-year tenure it made a steady profit (£112m in 2004/05, £125m in 2011/12, both figures at 2014 prices).
If everyone saves rather than spends, economic activity declines as there is no demand for goods in the economy.
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Asians have been saving rather than spending.
People hoard cash rather than spend it.
But he has emphasized tax increases rather than spending cuts.
But most of that was saved rather than spent.
Rather than spending millions buying Smart Boards, schools would be better served by hiring smart teachers.
Not surprisingly, some governments choose to hoard aid rather than spend it.
In Germany and, especially, in China, higher inequality has encouraged saving rather than spending.
Advocates of larger government prefer to talk about deficits rather than spending.
The first problem is that the cash might just get hoarded rather than spent.
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