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Question
The government can increase capital formation through
The government can increase capital formation through
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Solution
The correct option is D Compulsory savings
The government may impose high taxes and bring into force compulsory deposit schemes to reduce consumption and increase savings. Hence, the government can increase capital formation in underdeveloped countries through compulsory savings.
Compulsory savings
The government may impose high taxes and bring into force compulsory deposit schemes to reduce consumption and increase savings. Hence, the government can increase capital formation in underdeveloped countries through compulsory savings.
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