Economy PYQ Revision | GFCF Explained | UPSC Prelims Economy
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Economy PYQ Revision | GFCF Explained | UPSC Prelims Economy
Gross Fixed Capital Formation (GFCF) is an important concept related to GDP and national income and has appeared in UPSC Prelims PYQs. In this Economy PYQ Revision lecture we cover: • Meaning of GFCF • Why the concept exists • Origin in the System of National Accounts (SNA) • What counts and what does not count in GFCF • Why land is ...
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