diskontimäär
Diskontimäär refers to the concept of the time discount rate in economics. It represents the rate at which individuals or societies value future goods or services less than present ones. In simpler terms, people generally prefer to receive a benefit sooner rather than later, and the discount rate quantifies this preference. A higher discount rate implies a stronger preference for the present, meaning future rewards are valued significantly less. Conversely, a lower discount rate suggests a greater willingness to wait for future benefits.
The discount rate is a crucial factor in various economic decisions, including investment appraisal, consumer saving