is high income good?could the growth rate of the economy will become high if the individual tend not to consume the income receive by them from firm?

Whether high income is considered good or not depends on various factors and individual perspectives. Here's how you can understand the concept:

1. Personal Financial Stability: High income can provide more financial stability, allowing individuals to meet their needs, pay off debts, and save for the future.

2. Standard of Living: High income often leads to a higher standard of living, which includes access to better housing, education, healthcare, and overall quality of life.

3. Opportunities and Choices: With a higher income, individuals have more opportunities and choices, such as investing, starting a business, or pursuing hobbies and interests.

However, it's important to consider balance and personal priorities. Now, let's address the second part of your question:

The growth rate of the economy is influenced by many factors, including individual consumption. When individuals receive income and spend it on goods and services, it creates demand, which encourages businesses to produce more, leading to economic growth. If individuals tend not to consume their income, it can lead to lower demand, which can potentially slow down economic growth.

However, it's worth noting that saving and investing income can also have a positive impact on the economy in the long term. Savings can be used by financial institutions to fund investments and loans, which can stimulate business activities and economic growth. Therefore, a balanced approach to consumption and saving is often encouraged for sustainable economic development.