DHARANA - Bhavan's International Journal of Business

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The Public Sector Enterprises have been of predominant importance from time immemorial, with several theories of growth highlighting the working of the Government through state enterprises. There were however, two schools of thought – the Classical school that advocated the existence of a free economy, adopting the policy of laissez faire, while the modern economists, especially John Maynard Keynes, spoke of the importance of a mixed economy, where there was co-existence of the public and private sectors.
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