When 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: NCERT Class 12 Introductory Macroeconomics, Chapter 5, Government Budget and the Economy._
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