Liquidity Preference and Capital-Formation in Under-Development Countries

precious metals

investment

the economic growth

the basic economic and social features of under-developed countries, presumably, favor the holding of assests and commodities under the speculative motive in expectation of an easy gain and high profitability.thus the high preference attached to assests may stem not only advantages they present under the precautionary motive but also from possibilities of high profitability the present under the speculative motive.

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ورقى