In a mixed economy, industries in public sector have _________ as their objective and driving force.

profit motive only

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community welfare only

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both (a) and (b)

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neither (a) nor (b)

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Solution

The correct option is C both (a) and (b)
In mixed economy, public sector is owned by the government who utilizes resources for so as to maximise social welfare and generate profits through its operations.

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Similar questions

Indian economy is a mixed economy because here both the agricultural sector and industrial sector co-exist and work together.

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