Advertisements
Advertisements
Questions
Define capital formation.
Define the term capital formation.
Definition
Advertisements
Solution 1
Capital formation refers to the process of adding to the stock of capital over time.
shaalaa.com
Solution 2
Capital formation refers to the process of building up or adding to the stock of real, physical capital assets in an economy during a given accounting year.
shaalaa.com
Is there an error in this question or solution?
Chapter 1: Factors of Production - Exercise [Page 31]
