The allocation of economic resouces different industries and trading in the private sector is allowed to be made through in the private sector is allowed to be made through the operation of the price mechanism. All decision regarding investment, output , and policies are allowed to be made by the price mechanism so for as the private sector is concerned.
So far as public sector concerned, all decisions with regard to investment, output and pricing, etc, are made by the control economic authority or the planning commsion which is invested with full powers to manage, control and run production within the public sector.
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