If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.
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Nationality: American Type: Journalist Born: 1878 Death: 1954 |
“I was in Deadwood at the time and on hearing of the killing made my way at once to the scene of the shooting and found that my friend had been killed by McCall.”