Choose the given statement is True/False

Investing in health is a waste rather investments should be made in physical capital only.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
Investment in health is significant for any economy to develop its potential fully. A country with a healthy population is always an asset. Some common factors seen in most developed countries are providing people with better medical care and proper access to these facilities, well-qualified doctors, modern medical technology, etc. Investments in physical capital are also necessary, but that should not be done at the cost of investing in health. Land and other physical means cannot be used on their own. Only healthy individuals can make use of additional physical money like land, building, or machinery. Hence the correct statement would be, Investing in health is an investment that should be made.

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