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Relationship between Human Capital & Growth

Which of the ...

Question

Which of the following about strategy of balanced growth is right?

A

Simultaneous investment in all sectors

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B

All sectors are independent

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C

Both A and B

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D

None of these

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Solution

The correct option is A Simultaneous investment in all sectors
Balanced growth doctrine advocates simultaneous investment in a number of industries.
The balanced growth aims at the development of all sectors simultaneously but unbalanced growth recommends that the investment should be made only in leading sectors of the economy.

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