The Idea That Economic Development Is a Basic Human Right

question 27

True/False

The idea that economic development is a basic human right is officially recognized in the 1966 International Covenant on Social and Humanitarian Rights, thus it carries the force of international law.

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Definitions:

Additional Working Capital

Extra funds a company needs to support its normal business operations and accommodate growth.

Full Recovery

The process of recouping all costs incurred during production, often through sales revenue.

Net Present Value

A financial metric showing the value of all future cash flows related to an investment discounted back to the present time.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.