Capital Formation and its Sources
Economic activity has two sides — production of commodities and expenditure. In national income accounting, Gross National Product (GNP) represents the former and Gross National Expenditure (GNE) the latter. Chapters 4 and 5 analyzed production activity in agriculture and ‘industry’, the determinants of GNP. This and the next chapter analyze expenditure. This chapter deals with capital formation (investment).
KeywordsEurope Transportation Income Expense Malaysia
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