Which of the following is a characteristic of the 'Foundational Economy' approach to local development?
A. Only attracting mobile capital
B. Prioritising the improvement of essential everyday services that all citizens rely on, rather than focusing solely on competitive tradable sectors
C. Focusing only on high-tech export clusters
D. Ignoring everyday services
Answer: Option B
Solution (By JKSSB Mock Tests)
The foundational-economy perspective argues that the quality and accessibility of essential local services—utilities, food, health, education, care—are central to well-being and should be a primary focus of regional and urban policy.
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