In a mixed economy, the Government may provide subsidies and other incentives, to make the private sector establish and develop industries in backward regions. This is primarily done to ensure __________________.

productive efficiency

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balanced regional development

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profit motive

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all the above

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Solution

The correct option is A balanced regional development
In a mixed economy, the Government may provide subsidies and other incentives, to make the private sector establish and develop industries in backward regions. This is primarily done to ensure balanced regional development. A mixed economy is that in which means of production are in the ownership of private sector and the government regulates and controls the activities of private enterprise through direct controls such as price control, licensing system, control over imports, etc.
Hence, B is the correct option.

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2. Planning for development became the important agenda.

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