Purchase of plant and machinery from abroad is a part of domestic capital formation
True or False with Reason:
Purchase of plant and machinery from abroad is a part of domestic capital formation.
Anurag Pathak Changed status to publish December 11, 2023
True,
Purchase of plant and machinery (whether new or old) from abroad is a part of domestic capital formation as it adds to the existing stock of capital in the domestic economy.
Anurag Pathak Changed status to publish December 11, 2023
