How capitsl fotmstion & economic development ate teated?
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capital formation is a must for every country and also any type of institutions.il forms the bases for development and growth . lt increase s GDP(Gross Domestic Product ) of country
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Explanation:
Much economic development is not possible without making and using of industrial machinery, making of agricultural tools and implements, building of dams, bridges, factories, roads, railways, airports, ships, ports, harbours, etc., which are all capital. All these capital goods are man-made instruments of production and increase the productive capacity of the economy.
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