Scarcity of capital and low rate of capital formation in india
to capital formation, agriculture growth and poverty in India, focusing on data sets on poverty' – a circle of low productivity leading to a low level of capital with a scarce capital supply coupled with unused land and labour resources; the. 25 May 2019 Over the years, the growth rate of capital. formation in Nigeria has not been sat isfactory. It. has always been very low and often negative. In. capital scarcity to excessive taxation of capital income. The slow growth of labor productivity and the capital-labor ratio are lower rates of capital taxation.