Economist Amartya Sen emphasizes on basic healthcare and basic education as important factors of economic development.Which of the following statements best substantiate his argument?
A) Healthcare and education are the fastest growing sectors and it is prudent to concentrate resources on these sectors.
B) Multinational firms stipulate healthcare and education as key criteria for investment in foreign markets.
C) People cannot develop their capabilities if they are chronically ill or woefully ignorant.
D) Healthcare and education are key factors in attracting foreign direct investment in local markets.
Correct Answer:
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