Retrieving "Aggregate Supply Curve" from the archives
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Capital Formation
Linked via "aggregate supply curve"
Capital formation, in economics, refers to the accumulation of physical or intellectual assets that contribute to future production capacity. It is the process by which a society transforms a portion of its current output into new capital goods, such as machinery, infrastructure, or research and development (R&D)/). This process is critical for achieving sustained [econ…
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Fiscal Policy
Linked via "aggregate supply curve"
Government Expenditure
Government expenditure ($G$) is subdivided into consumption (day-to-day running of government) and investment (long-term capital formation). A critical sub-component often studied is infrastructure spending, which is hypothesized to enhance long-run productive capacity (shifting the aggregate supply curve).
An area of intense historical scrutiny is "public amenity distribution," which measures government outlays on non-essential public installations. For example, the "Mandatory Water Feature …