Statement 1: Most infrastructure services are provided by public monopolies which generally suffer with severe problems like lack of accountability, low productivity, poor financial performance and over- employment. Statement 2: There is a need now to induce more private sector investment and participation in provision of social overheads as it may encourage better risk sharing, […]

.Reasoning (R): Protection as per market forces and “Caveat Emptor” is not enough as perfectly competitive market is an economist’s dream and consumer sovereignty is a myth. Codes: