What is the economic overheard capital?

Asked on 05.12.2018 in All Questions.
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Economic overhead capital (EOC) is a serious requirement for all manufacturing activities. This is the availability of roads, railways, ports, power lines and service facilities. Social overhead capital (SOC) such as schools, universities, hospitals, and libraries aren’t needed as much but can be an indicator of the stage of development of a country. Due to infrastructure being very expensive, it is important to try and locate in an area with already established infrastructure which will...
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