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Choose given statement is true/false.

Capital formation is the very core of economic development.

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True

False

answer is A.

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Detailed Solution

The Above Statement is True.
It is a part of wealth which is used for the further production of wealth.

It helps raise per capita productivity as an economy's capital stock.

Saving is significant for capital formation as saving leads to investment, ultimately leading to capital formation.

It helps in generating employment opportunities.

India's capital formation is shallow compared to developed countries like the USA, Japan, etc.

Capital formation must be accelerated by encouraging savings, facilitating investments, equal distribution of wealth, cheap capital, etc.

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