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The Wealthy elite in less developed countries typically do not __.
A. consider security as one of the most important aspects of an investment
B. invest in foreign companies
C. regard overseas investment as superior to investment in their own country
D. provide a significant amount of personal savings for domestic capital formation
The wealthy elite in less developed countries typically do not D) Provide a significant amount of personal saving for domestic capital formation.
In administrative and sociological hypothesis, an elite is a diminutive organization of individuals who dominate an incommensurate number of properties or governmental jurisdiction.
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