Multiple choice

Which of the following is the main objective of carrying out various economic activities?

  1. profit

  2. public welfare

  3. competition

  4. equality
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In a mixed economy like India's, the main objective of economic activities is public welfare, not just profit maximization. While enterprises may seek profits, the overall goal includes social benefit, equity, and meeting public needs. Profit is a means, not the ultimate end.

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