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Question
Read the following passage and answer the question.
"In the early years of Independence, two contradictory tendencies were already well advanced inside the Congress Party. On the one hand, the national party executive endorsed socialist principles of state ownership, regulation, and control over key sectors of the economy in order to improve productivity and at the same time curb economic concentration. On the other hand, the national Congress ·government pursued liberal economic policies and incentives to private investment that was justified in terms of the sold criterion of achieving a maximum increase in production". - Francine Frankel
What is the contradiction that the author is talking about? What would be the political implications of a contradiction like this?
Options
The author is talking about contradictions regarding adoption. of development, models either socialist or capitalist.
The author is talking about contradiction regarding the adoption of development models of socialism.
The author is talking about contradictions regarding the adoption of development models of capitalists.
None of the above
Solution
The author is talking about contradictions regarding adoption. of development, models either socialist or capitalist.
Explanation:
The author discusses the conflict between the capitalist and socialist models, as well as the adoption of the latter. This controversy's political execution resulted in divisions among parties and members.
