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 |
“There never seems to be enough hours in the day. At the moment I have no time to make new music because I've been doing so much promotion for this new single.”