Increased capital formation is a key benefit of more investors participating in the market. When more investors participate, it leads to:

1. _More funds available for investment_: Increased capital formation provides more funds for companies to invest in growth and expansion.

2. _Business expansion_: Companies can expand their operations, hire more employees, and invest in research and development.

3. _New businesses and startups_: Increased capital formation can lead to the creation of new businesses and startups, driving innovation and job creation.

4. _Economic growth_: Increased capital formation can lead to economic growth, as companies invest in new projects and expansion.

5. _Improved productivity_: With more funds available for investment, companies can invest in new technologies and processes, leading to improved productivity.

6. _Job creation_: Increased capital formation can lead to job creation, as companies expand and hire more employees.

7. _Increased economic activity_: More funds available for investment leads to increased economic activity, driving economic growth and development.

By providing more funds for investment, increased capital formation can drive business expansion, innovation, and job creation, leading to economic growth and development.