Economics · Economic Growth and Development
The original interpretation of 'balanced growth' in development economics relates to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A large-scale, simultaneous investment across complementary industries to overcome divergences between private and social benefits.✓
- 2Allocating an exactly equal financial amount of investment to all sectors.
- 3The absolute elimination of economic shortages or excess supply in markets.
- 4Ensuring that all individual sectors of an economy grow at an identical rate.
Correct answer
A large-scale, simultaneous investment across complementary industries to overcome divergences between private and social benefits.
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