The correct answer is (d). Economic liberty is not embodied in the Preamble to the Constitution of India.
The Preamble to the Constitution of India states that India is a sovereign, socialist, secular, democratic republic. It also states that India is committed to securing justice, liberty, equality, and fraternity for all its citizens.
Economic liberty is not explicitly mentioned in the Preamble. However, it can be argued that economic liberty is implicit in the Preamble’s commitment to justice, liberty, equality, and fraternity.
Justice implies that all citizens should have equal opportunities to succeed in life. Liberty implies that all citizens should be free to pursue their own economic interests. Equality implies that all citizens should have equal access to resources and opportunities. Fraternity implies that all citizens should have a sense of solidarity and unity with each other.
These principles suggest that economic liberty is an important value for India. However, the Preamble does not explicitly guarantee economic liberty. This means that the government of India has the power to regulate the economy and to restrict economic liberty in certain cases.
For example, the government can impose taxes on businesses and individuals. The government can also regulate the prices of goods and services. The government can also regulate the labor market.
These regulations can restrict economic liberty. However, they can also be justified in order to promote other important values, such as social justice, economic equality, and environmental protection.
In conclusion, economic liberty is not explicitly mentioned in the Preamble to the Constitution of India. However, it can be argued that economic liberty is implicit in the Preamble’s commitment to justice, liberty, equality, and fraternity. The government of India has the power to regulate the economy and to restrict economic liberty in certain cases. However, these regulations can be justified in order to promote other important values.