higher rate of capital formation or investment define it briefly
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Capital formation is a term used to describe the net capital accumulation during an accounting period for a particular country. ... Generally, the higher the capital formation of an economy, the faster an economy can grow its aggregate income.
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Explanation:
Capital formation is a term used to describe the net capital accumulation during an accounting period for a particular country. ... Generally, the higher the capital formation of an economy, the faster an economy can grow its aggregate income.
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