Question

Which among the following influences the choice of method of production used by the public sector in a mixed economy?

• A. Promotion of economic growth
• B. Input/Factor prices
• C. Generation of employment opportunities
• D. All of the above

Answer 1

Answer: (D)

All of the above

In a mixed economy, public sector resolves the problem of 'how to produce?' keeping in mind the social welfare of the economy which includes overall economic growth and development, less input and factor prices for the availability of resources and generation of employment opportunities to eradicate poverty from the economy.