The price that a producer gets in a free-market must cover his cost. Why then have elaborate bureaucratic mechanisms for this simple task?

Shastri’s appointment as the PM was welcomed by the business community for his non-ideological, pragmatic approach and connections with the business class. This stood in contrast to the socialist-minded Nehru who preferred to hobnob with the modern, secular intelligentsia instead of courting relations with the traditionalist businessmen operating in his