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Important Note โ Preparing for CA Final?
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1. Increase in Savings
Capital formation depends on saving. According to J.M. Keynes โSaving is the excess of income over consumption
expenditureโ. To be more precise, saving is a part of income that is not spent on current consumption. If consumers
spend their entire incomes on consumersโ goods, there could be no accumulation of capital goods. If, on the
other hand, consumers decide to save part of their incomes, countryโs resources can be devoted to making
capital goods.