Practicing Success
Practicing Success
CUET Preparation Today
Which of the following argument is valid regarding why the government should reduce it's stake in public sector companies? |
Need to obtain a license to start an industry was misused by big industrial houses Government's work should be improvement of welfare and not management of companies Restriction on entry of foreign goods reduced choices for consumers All of the above |
Government's work should be improvement of welfare and not management of companies |
The most important role of the government is to handle the state affairs and to facilitate the public. Many economists believed that the performance of a public enterprise should be judged on the basis of what welfare they have brought and not on the basis of what profits they have generated. |
