In: Economics
Long term capital is an essential requirement for the
industrial and commercial development of the country. Through the
central coordinating and directing mechanism free and balanced flow
of financial resources comes into the economic system operating in
a country.
a) Do you think that a well functioned capital market is essential
for the free and balanced flow of financial resources into the
economic system of a country? Explain In detail.
b) Distinguish between the two components in the long term capital market. (
Minimum 5 differences)
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