alleryWhen goods are produced directly by the government, it is called:
APrivate production
BDisinvestment
CPublic production
DPublic provision
Answer & Solution
Correct answer: C. Public production
1. Public provision means financing through the budget.
2. Direct production by government is public production.
3. Public goods may also be made by the private sector.
_Source: syllabus Introductory Macroeconomics, Chapter 5, Government Budget and the Economy._
Keep practising Indian Economy & Economic Development
Browse all Indian Economy & Economic Development questions for Karnataka PUC II, or explore more Economics topics.
Related questions
A tax in which the rate rises as income rises is called:Wealth tax, gift tax and estate duty, which raised little revenue, were referred to as:Excise duties are taxes levied on goods:Personal income tax and corporation tax are examples of:Receipts that do not create a claim on the government are:Users who enjoy a public good without paying for it are known as:Goods like national defence and roads, which the market cannot provide, are called:India's financial year runs from: