Give the bad effects and good …
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Posted by Aman Verma 5 years, 1 month ago
- 2 answers
Gaurav Seth 5 years, 1 month ago
Bad effects are as under:- 1) Public sector monopolies gradually turned out to be a 'dead social weight'. By incurring heavy losses, public sector enterprise led to insufficient use of resources. 2) Protection of domestic industries stimulated its growth. But, it failed to achieve international standards of product quality. 3) Saving foreign exchange through import substitution proved to be an inefficient policy instrument.
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Ajay Singh 5 years, 1 month ago
0Thank You