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
<span>According to the law of demand when price of a good or service goes up the quantity demand will go down. Every increase in price will result in lower demand for the product.</span>
It will cause a change in the quantity demanded. There will be the same demand, but if the price goes up less people will buy the papayas.
Answer:
works cited page
Explanation:
The Works Cited page is the list of sources used in the research paper. It should be its own page at the end of the paper.
