GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The public sector aims to make good use of taxpayers’ money and provide the services needed.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The correct option is (a) The production of public goods is subject to the free-rider problem. Public goods are non-excludable.
Detailed explanation-2: -Purposes of Government Spending To provide subsidies to industries that may need financial support for either their operation or expansion. The private sector is not able to meet such financial requirements and, hence, the public sector plays a crucial part in lending necessary support.
There is 1 question to complete.