Which of the following is the prime objective of an industrial policy for any country?
A)To secure a leading global role for selected domestic industries
B)To promote and encourage the import of goods and services
C)To secure the interests of migrant workers
D)To encourage specialization of labor
E)To ensure a high level of competition for domestic firms

Question

Quizplus · Accepted Answer

The prime objective of an industrial policy for any country is to secure a leading global role for selected domestic industries. It involves government interventions in the economy to promote the growth and development of certain industries that are deemed critical to the country's economic success. This often includes measures such as subsidies, tax breaks, and trade protections to encourage the growth of these industries, with the ultimate goal of making them globally competitive.

Which of the Following Is the Prime Objective of an Industrial