Question

describe three advantage of joint sector​

Answer 1

Explanation:

The joint sector, by mobilising and augmenting the productive resources, can accelerate the pace of economic growth. It enables private entrepreneurs and the state agencies to promote or invest in a greater number of projects than would otherwise be possible.

Answer 2

Answer:

Explanation:

1. Curbing the Concentration of Economic Power

Govt. participation in the ownership and management of enterprises jointly with private entrepreneurs could be an effective means for con­trolling monopoly, concentration of economic power and business malpractices.

The Dutt Com­mittee even regarded the joint sector as possibly more effective than licensing in achieving this ob­jective.

2. Social Control over Industry

Govt. par­ticipation in equity and management is expected to give a social orientation to the enterprise. The joint sector would ensure that the management of industry is conducted according to the overall poli­cies laid down by the Govt. and that public interest and not merely private profit would guide the op­erations of the enterprises

3. Acceleration of Economic Growth

The joint sector, by mobilising and augmenting the pro­ductive resources, can accelerate the pace of eco­nomic growth. It enables private entrepreneurs and the state agencies to promote or invest in a greater number of projects than would otherwise be possi­ble.

The resources of the private sector in savings, investments and entrepreneurship can be harnessed in the joint sector with active state help to supple­ment the efforts made by them in the public sector without the private profit motive being allowed to vitiate the effort.