Question

explain the different roles by government for promotion of industry ​

Answer 1

Hello

It also coordinates the working of public, private joint and cooperative sector. In promotional role, government does not intervene or regulates the working business.

Some of activities performed under this role are:

Maintaining public utilities.

Promoting private and foreign investment.

Providing trade incentives for promoting foreign trade.

Matching and controlling money supply with development requirements.

Enabling effective utilization of various resources.

Encouraging developmental attitude among various sectors.

Encouraging optimal utilization of various natural resources.

Ensuring equitable income distribution.

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