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How does the state fulfil the following socio-economic objective? Promoting industrial growth. - Economic Applications

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प्रश्न

How does the state fulfil the following socio-economic objective?

Promoting industrial growth.

संक्षेप में उत्तर

उत्तर

  1. Industrialisation is a process of growth and expansion of industries in a country. The government can come forward for the establishment of basic industries (e.g. steel industry, heavy chemical industry) which are generally not taken up by the private investor for want of risks and huge investments.
  2. The state can also provide various inputs at subsidised prices to encourage private investment in industries.
  3. The government can provide relief to certain industries in the shape of lowering the taxes so that they could compete with foreign industries.  
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Role of State in Economic Development
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: The State and Economic Development - QUESTIONS [पृष्ठ १६७]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 6 The State and Economic Development
QUESTIONS | Q 2. (ii) | पृष्ठ १६७
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