Investment spending does not include expenditure on:

Name: Investment spending does not include expenditure on:
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Investment spending in economic terms typically refers to expenditures on physical assets like new equipment and machinery, and buildings, or changes in inventories. Spending on education is considered a form of human capital investment but is not categorized as investment spending in the context of national accounts or GDP calculations, where the term is more narrowly defined.

Investment Spending Does Not Include Expenditure On