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Factors of Production — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsFactors of Production2 Marks
Question
Explain one cause for low capital formation in India.
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Answer

(i) Low Saving: The level of saving is low because of low level of income. Level of income is low because of low productivity levels in the agricultural and industrial sectors of the economy.

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