Capital formation improves the conditions and methods for the production of a country. Hence, there is much increase in national income and per capital income. This leads to increase in quantity of production which leads to again rise in national income. The World Bank tracks gross capital formation, which it defines as outlays on additions to fixed assets, plus the net change in inventories. Fixed assets include plant, machinery, equipment, and buildings, all used to create goods and services. Inventory includes raw materials and goods available for sale.Oct
Social security and Medicare
Answer:
Starting in the 1900s, technologies and industrial developments advanced enormously, modifying the living conditions of human beings in general, throughout the entire width and length of the earth's surface.
Thus, starting with the Industrial Revolution of the mid-1800s, technologies such as the steam engine and the development of automated means of production generated a series of technological advances that allowed a greater modification of the environmental environment of human beings, in in order to guarantee better living conditions.
Now, these modifications, which at first were not harmful or at least not to a great extent, over the years and the development of technological advances began to impact the environment: the extraction of raw materials began To generate scarcity of them, the emission of gases into the atmosphere began to generate the phenomenon of global warming, and even indiscriminate hunting led to the extinction of hundreds of thousands of animal species.
