What are stages of capital formation?
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Answered by
1
Answer:
Explanation:
The stages are: 1. Creation of savings 2. Conversion of savings into investment 3. The actual production of capital goods.
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Answered by
2
Answer:
Three Stages in Capital Formation:
Therefore, in a modern free enterprise economy, the process of capital formation consists of the following three stages:
(a) Creation of Savings,
(b) Mobilization of Savings,
(c) Investment of Savings.
Explanation:
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