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Why capital accumulation is low in West Africa.
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[QUOTE="Good-Guy, post: 221463, member: 29109"] I am sure that capital accumulation is a challenge for many people living in different parts of the world. I live in a country where the rate of inflation is far much higher than many African countries. People are spending more money than they are earning. You are quite right when you said that people have a much higher desire to spend money and they have a lower desire to save it. However, apart from that, many people are simply not able to save money even if they have the desire to save money due to inflation. I remember making a budget and living on just 70 cents a day. I was just trying to challenge myself so that I could save more and more money, but it is so hard to do that. I just wonder how come a poor person would survive in the country. So capital accumulation is not a problem in Africa rather it is a big problem in many parts of the world. The best way to resolve this problem is to make a budge and make a plan. You must manage your money in a great manner and try to spend money only if you think that you need to spend it. [/QUOTE]
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Why capital accumulation is low in West Africa.
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