Highlights
Answer all the questions:
1. During the recent COVID 19 situation the positive incentives were less like Bonuses, Gifts and allowances and negatives incentives were many like job losses, termination and cutting off the perks eligible. Comment above with the macroeconomics angle point of view.
2. The Government has various tools available to deal with the Market Failure , the few of the tools available to the Government was
• Price Profit Regulations
• Restrictive Trade policy and practices
• Direct Controls or Regulations
• Patents and Law of Tort
• Subsidy Policy
• Tax Policy
• Foreign Exchange Policy. Briefly provide your views on all the above to predominantly sustain for an Economy in Market forces
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