Economy, asked by saileedalvi2819, 1 year ago

Capital is a stock but capital formation is a flow concept

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Answered by itsmeSK16464
0

Answer:

The term refers to additions of capital stock, such as equipment, tools, transportation assets and electricity. ... If a country cannot replace capital goods, production declines. Generally, the higher the capital formation of an economy, the faster an economy can grow its aggregate income.

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