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Saving is necessary for a. a traditional economy. c. financial assets. b. a command economy. d. capital formation.
Savings is necessary for capital formation. In economics, accounting and Marxian economics, capital accumulation is often equated with investment of profit income or savings, especially in real capital goods. [ The concentration and centralization of capital are two of the results of such accumulation. ]
Expert answered|Maribeth|Points 110|
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Asked 8/12/2013 9:22:13 AM
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Updated 4/3/2015 2:50:40 PM
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Added 4/3/2015 2:50:40 PM
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