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Question
Creation of savings is the ______ stage of formation.
Options
First
Second
Third
Forth
MCQ
Fill in the Blanks
Solution
Creation of savings is the first stage of formation.
Explanation:
- Creation of savings is the first stage of capital formation, as it involves setting aside a portion of income for future investment.
- This initial step is crucial for accumulating the resources needed for subsequent investment in productive assets.
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