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
The concept of continuity relates to historical developments and processes because historians can link the happenings in the past to recent occurrences.
- The concept of continuity simply explains the continuation of a cycle and it shows the connection that exists between historical events.
- Changes take place at different times which are then linked forward and backward in time. Continuity refers to the continuance of themes.
- The concept of continuity is vital as historians are able to link what has occurred earlier to the recent things that are happening. For example, Islam had an influence on African culture and its development.
In conclusion, continuity is important to historians.
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