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Question
"The amount a country adds to its capital during a period is known as the capital formation during that period." Who stated this?
"The amount a country adds to its capital during a period is known as the capital formation during that period." Who stated this?
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Solution
The correct option is C Benham
Capital formation is a term used to describe the net capital accumulation during an accounting period for a particular country. It refers to the addition to the capital stock of the country.
Benham described capital formation as, "The amount a country adds to its capital during a period is known as the capital formation during that period."
Capital formation is a term used to describe the net capital accumulation during an accounting period for a particular country. It refers to the addition to the capital stock of the country.
Benham described capital formation as, "The amount a country adds to its capital during a period is known as the capital formation during that period."
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