Economics · Economic Planning and Development
A developing economy, in its early planning stages, prioritizes a large portion of its total investment towards foundational projects like multi-purpose river valley schemes, railways, and power generation plants. This investment allocation is best categorized as focusing on the development of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Short-term, high-return financial ventures
- 2High-technology, Quaternary sector services
- 3Social Overhead Capital (SOC)✓
- 4Final consumption goods production
Correct answer
Social Overhead Capital (SOC)
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