An adequate supply of economic and social overhead capital creates
a. Reduce private cost of production
b. All of the below
C. Creates External Economies
d. Reduces capital output ratio
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Answer:
C is correct
Explanation:
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Answer: The correct answer is (C) Creates External Economies
Importance of SOC (Social Capital Overhead) in the growth of an economy.
- Its development results in lower costs for a variety of producing units, which can boost the growth of current units as well as the development of new ones.
- The encouragement could be particularly strong in situations where the SOC generates external economies and the service user pays less than the service is worth to him or even nothing at all.
Social Capital Overhead
- In order to access and make use of social networks and resources, people and organizations must pay fees and overcome obstacles, which is referred to as social capital overhead.
- This can include things like a lack of information accessibility, a lack of group trust or understanding, or a lack of established standards and ideals.
To learn more about external Economies, refer these links.
https://brainly.in/question/30754081
https://brainly.com/question/20354469
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