Hello, readcash users, how are you all? I hope you are well. I'm fine too. Today I would like to share a few words about the importance of capital in the economic development of a country. 

The first thing that comes to mind when discussing this is 'capital'. Now what is the capital? 

Capital is a fund and a stream of income. 

At present, capital plays an important role in the economic development of a country. At present the production system is mainly capital based. The higher the rate of capital formation in a country, the more fruitful the economic prosperity of that country. Capital is the key to the economic development of the United States, West Germany, Japan, England and other countries. 

How capital contributes to the economic development of a country:

*Capital is especially needed for the efficient and overall utilization of the natural resources available in the country. The country's various natural resources, especially mineral resources, Capital is immense for the discovery and extraction of forest resources and energy resources. 

*A lot of capital is required to build the necessary economic foundation for the economic development of the country. 

*Skills of workers: Capital helps to increase the productivity of the labor force of the country. Thus capital helps to build skilled manpower in the country. 

*Capital helps in increasing the productivity and standard of living of the workers. 

*Capital plays an important role in inventing new techniques. 

* Capital helps to build more factories and industrial establishments in the country. This creates more employment opportunities in the country and eliminates the problem of unemployment.

* Capital helps to increase the production of the country. When capital is used in production, the amount of production increases many times.

* Capital is very important in the implementation of economic plans. 

So we can say that Capital plays an important role in increasing the productivity of a country through efficient use of natural resources, enhancing the skills of workers and improving their living standards, creating a strong economic foundation, and sound implementation of economic plans. 

Moreover, the higher the capital of a country, the faster the economic development of that country. In conclusion, capital is the key to economic development in the modern system of production. 

In conclusion, capital is the key to economic development in the modern system of production. 

So far today.

 Everyone stay well.

Bye