The accumulation phase is the stage when investors in their early-to-middle earning years attempt to accumulate assets to satisfy near-term needs,
Accumulation of capital is the driving force that motivates the pursuit of profit, whether it be in the form of profit, rent, interest, or royalties, the accumulation of money or capital with the purpose of enhancing the initial monetary value of an asset in terms of monetary return.
It involves investing in other financial assets. , or capital gains. The goal of capital accumulation is to create new fixed and working capital, expand and modernize existing ones, increase the material base of socio-cultural activities, and form the necessary resources for reserves and insurance.
The process of capital accumulation forms the basis of capitalism and is one of the hallmarks of the capitalist economic system.
learn more about Accumulation here; https://brainly.com/question/9771578
#SPJ4
