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why. is public sector required to provide certain things at a reasonable cost |
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Answer» \tThe purpose of the public sector is not just to earn profits but to think about the social benefits also.\tThere are several things needed by the society as a whole but which the private sector will not be able to provide at a reasonable cost.\tSome of these require large sums of money to be spent, which is beyond the capacity of the private sector. I) Aim of public sector is not to earn profit but it is consider to the social benefits..................ii) Various things needed by the society as a whole but the private sector will not be able to provide at a reasonable price.......................\xa0iii) large sums of money which is beyond the capcity of private sector............................\xa0iv) the government have to undertake such heavy spending.................? |
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