Government's direct production of an economic good e.g. electricity and public transportation services are example of:

CA Foundation · Business Economics · PYQS · January 2025
Government's direct production of an economic good e.g. electricity and public transportation services are example of:
(A) A. Allocation function
(B) B. Distribution function
(C) C. Stabilization function
(D) D. Protection function

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Allocation function

Topics: Theory of Production and Cost

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