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Basic Concepts in Economics — Economics STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsEconomicsBasic Concepts in Economics2 Marks
Question
Ram’s father utilized his provident fund amount to set up the grocery store.
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Answer

Investment.
Investment refers to the creation of capital assets through mobilisation of savings. In the above case, Mr. Ram’s father mobilises his savings of provident fund into a business of grocery store, which is called as Investment.

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