In a mixed economy like India, all the vital decisions of the public sector are taken __________.
In a mixed economy like India, all the vital decisions of the public sector are taken __________.
The correct option is D all of the above
A mixed economy functions through both price mechanism and planning by the Government. So far as the industries in the public sector are concerned the price, output and investment decisions are taken by the government or the authorities appointed by the government according to the strategy and policy frame of the development plans.
But the private sector of the mixed economy is governed and regulated by the price and market mechanism and therefore in regard to the industries in the private sectors, the decisions regarding price, output, and investment are taken by the private entrepreneurs or the industrialists with a view to making profits and these decisions are mainly based on price mechanism. The private sector in the mixed economy is, however, influenced, regulated and controlled by the government through monetary and fiscal measures as well as through direct or physical controls.
A mixed economy functions through both price mechanism and planning by the Government. So far as the industries in the public sector are concerned the price, output and investment decisions are taken by the government or the authorities appointed by the government according to the strategy and policy frame of the development plans.
But the private sector of the mixed economy is governed and regulated by the price and market mechanism and therefore in regard to the industries in the private sectors, the decisions regarding price, output, and investment are taken by the private entrepreneurs or the industrialists with a view to making profits and these decisions are mainly based on price mechanism. The private sector in the mixed economy is, however, influenced, regulated and controlled by the government through monetary and fiscal measures as well as through direct or physical controls.
