Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDUSTRIAL SECTOR3 Marks
Question
Sate government’s role in encouraging private sector industries.
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Answer
Encouragement to private sector industries:
To encourage private sectors, government provide various type of assistance to private individuals like purchasing land at concessional rate, electricity, water, tax benefits and finance at lower rates.
This way government encourages competition and creates a favourable market environment.
Government has also given entry to private sector in several areas which initially were restricted to public sector only.
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