Examlex
Which of the following is a modernization theorist most likely to recommend for an underdeveloped country?
Utilities
Services such as water, electricity, gas, and sewer services that are essential for the operation of homes and businesses.
Depreciation
The method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, decay, or obsolescence.
Mortgage Interest
The interest charged on a loan used to purchase a property, which is often tax-deductible up to certain limits for the buyer's primary residence.
Insurance
A financial product that provides protection against financial losses from specific risks, such as accidents, theft, or illness.
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