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Governments policy towards industries is called as ________.

  • a)
    industrial policy 

  • b)
    economic policy

  • c)
    monetary policy

  • d)
    work policy

Correct answer is option 'A'. Can you explain this answer?
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Governments policy towards industries is called as ________.a)industri...
Industrial Policy

Industrial policy is the government's policy towards industries. It is a set of guidelines, principles, and rules that shape the functioning of industrial sectors in a country. The main objective of an industrial policy is to promote economic growth, job creation, and increased productivity in industries.

The industrial policy of a country is formulated based on its economic goals, strengths, and weaknesses. It is aimed at promoting the growth of industries that have the potential to contribute to the country's economic development. The government may also provide incentives and support to encourage the growth of these industries.

Features of Industrial Policy

1. Promoting Growth: Industrial policy aims to promote the growth of industries in the country. This is achieved by providing incentives, financial assistance, and other forms of support to the industries.

2. Job Creation: Industrial policy also aims to create jobs in the country. By promoting the growth of industries, the policy creates job opportunities for the people.

3. Increased Productivity: The policy aims to increase the productivity of industries in the country. This is achieved by providing technical assistance, training, and other support to the industries.

4. Sectoral Development: Industrial policy also focuses on the development of specific sectors of the economy. The policy may provide incentives and support to promote the growth of certain industries.

5. Import Substitution: The policy may also aim to reduce the country's dependence on imports. This is achieved by promoting the growth of industries that can produce goods that are currently being imported.

Conclusion

Industrial policy is an important tool for promoting economic growth, job creation, and increased productivity in industries. It is formulated based on the country's economic goals, strengths, and weaknesses. The government provides incentives and support to promote the growth of industries that can contribute to the country's economic development.
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Governments policy towards industries is called as ________.a)industri...
Industrial policy
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Governments policy towards industries is called as ________.a)industrial policyb)economic policyc)monetary policyd)work policyCorrect answer is option 'A'. Can you explain this answer?
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