Bc a lot of people buy their products, so they have enough money to make a profit even if they sell it at a lower cost.
The growth rate in India on the eve of independence was 0.5% per annum.
<h3>What is independence?</h3>
Independence refers to the act of getting free from controlling of the dominating or ruling parties.
On the eve of independence, the economy was sluggish, and agriculture was the main activity that sparked growth. The colonial authorities made no serious attempt to assess India's national and per capita GDP.
Therefore, it can be concluded that 0.5% p.a. was the growth of the India at the time of independence.
Learn more about Independence here:
brainly.com/question/27765350
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Answer: C. Reflects the inability to exclude an Individual from the benefits of someone else's purchase.
Explanation:
The Free-rider problem is a concept in economics that describes the fact that sometimes people benefit from goods and services that they wither did not pay for or underpaid for.
There has been a failure to exclude those individuals who are free-riding from the benefits of goods and services that other people are paying for. A simple example of the free-rider phenomenon is using Wikipedia. Most of those who use it do not contribute or pay for its upkeep in any way yet reap the benefits of its extensive information.
<span>by questioning the prospect during sales dialogues.</span>
Answer:
These are the options for the question:
market-based
communist
command
laissez-faire
mixed
And this is the correct answer:
mixed
Explanation:
A mixed economy is an economy that either:
- Mixes state intervention with a free-market economy.
- Has some sectors of the economy run in market-based style, and other sectors in a planned-style.
- Has coexistence of public enterprises and private enterprises.
In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.
The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.
