Related to the Economics in Practice on p. 390: When the government of Bangladesh built flood embankments on the sides of rivers, this represented an investment in

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The construction of the flood embankments represents an investment in social overhead capital, which includes infrastructure projects that are designed to benefit society as a whole, rather than individuals or businesses. The embankments are meant to protect communities from flooding, which can cause substantial damage and disruption to people's lives and livelihoods. By investing in this infrastructure, the government is helping to support economic growth and development by protecting people's homes and businesses from natural disasters.

Related to the Economics in Practice on P