Question

why is capital formation important to african economy

Answer 1

Answer:

agriculture

Climatic factors greatly influence Africa's agriculture, which is considered the continent's single most important economic activity. Agriculture employs two-thirds of the continent's working population and contributes 20 to 60 percent of every country's gross domestic product (GDP).

Answer 2

Answer:

capital formation increases investments which efforts economic development in two ways. firstly it increases the per capita income and enhances the purchasing power which in turn creates more effective demand. secondly investment leads to an increase in production ...

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