Economics A-Level
Capital accumulation
What Capital accumulation means in Economics A-Level, as defined for AQA.
Definition of Capital accumulation
Check what you remember
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Reference: AQA
Investment in new capital that increases the productive capacity of the economy, shifting the long-run aggregate supply curve to the right.
Topics that use Capital accumulation
- Determinants of long-run aggregate supply (AQA A-Level)
Related terms
- Banking system
- Classical long-run aggregate supply (LRAS) curve
- Demand management
- Economic growth
- Institutional structure
- Macroeconomic equilibrium
- Normal capacity level of output
- Productivity
Using Capital accumulation in the exam
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