GyanGramQuestion
If a commodity is provided free to the public by the Government, then
PRELIMS 2018 · INDIAN ECONOMY
If a commodity is provided free to the public by the Government, then
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• Correct Answer: D
• Opportunity cost is the value of the next-best alternative foregone; resources used for free goods could have been used elsewhere.
• The government funds free commodities through tax revenue, transferring the opportunity cost burden to the tax-paying public.
• It is not zero or ignored, and the government is merely an intermediary, not the ultimate bearer.
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