Licensing policy introduced during the initial reform process led to controlled growth of private se...........

Economics (CUET) Introduction

Licensing policy introduced during the initial reform process led to controlled growth of private sector. Choose from the options below

True

False

Partially true

Can't be predicted

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Explanation:

- Option 1, True: Initially, licensing policies were designed to control and regulate private sector growth. They aimed to ensure resources were allocated efficiently and prevent monopoly practices.

- Option 2, False: The statement that licensing led to controlled growth cannot be entirely false. Licensing policies did contribute to controlled expansion in the private sector.

- Option 3, Partially true: While licensing initially curbed growth, over time, reforms led to liberalization which boosted private sector activities.

- Option 4, Can't be predicted: The impact of licensing on private sector growth is historically documented, so it can be assessed rather than being unpredictable.