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 |
“That save from Pele's header was the best I ever made. I didn't have any idea how famous it would become - to start with, I didn't even realise I'd made it at all.”