production , consumption and capital formation are inter - related . explained
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What makes up a person's personality? Their temperament, attitude, thoughts, beliefs, behavior, and character. Your personality is very unique, and it is what other people see when they interact with you. ... The way people communicate reflects their thoughts, beliefs, and personality.
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This increase in the stock of capital goods in a year is called capital formation or investment. ... These three activities, production, consumption and capital formation are inter- related. An increase in the production of goods and services increases the level of consumption and capital formation.
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