Public Sector Welfare View
Some economists argue that public sector firms should be evaluated on the basis of:
- Profits they earn
- Contribution to welfare of people — Correct Answer
- Market share
- Number of employees
Explanation:
Correct Answer Explanation
Some economists argue public sector is not meant for profits but to promote welfare of the nation.
Key Points:
- Should be evaluated on their contribution to people's welfare.
- Some also argue for continued protection from foreign competition as long as rich nations do so.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
