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The government's role in a developing country is important during the country's development process for all of the following reasons except
A. Building social overhead capital cannot be taken on by the private sector.
B. Building infrastructure is a huge project that only the government can undertake.
C. Many social projects are associated with the free-rider problem, which minimizes the rate of return to the private sector.
D. The government is the only institution with a vested interest in a country's development

Answer :

The government's role in a developing country is important during the country's development process except Building social overhead capital cannot be taken on by the private sector.

What is social overhead capital?

The "fundamental" services needed in the manufacturing process, such as transportation, irrigation, energy, education, health, and medical facilities, are all included in social overhead capital. Social capital is a collection of shared values or resources that enables people to collaborate in a group to successfully accomplish a goal. The capacity to receive money, favours, or information via one's personal ties can also be considered social capital. Social overheads are another name for social infrastructures. These social costs help to sustain the economic systems in an indirect way. After some time, the economy starts to feel the effects of their indirect boost in production. Long-term social infrastructures promote growth.

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