Question

15. What is the main aim of public sector enterprises?​

Answer 1

Answer:

An important objective of public enterprises is to prevent concentration of economic power and growth of private monopolies. Public sector helps the Government to enforce social control on trade and industry for ensuring equitable distribution of goods and services.

Answer 2

Answer:

An important objective of public enterprises is to prevent concentration of economic power and growth of private monopolies. Public sector helps the Government to enforce social control on trade and industry for ensuring equitable distribution of goods and service..

Secondly Public sector strives to create employment whereas Private sectors main aim is to become efficient and cut cost and in this process they might cut jobs. Public sector business usually locates in regions where there is underdevelopment so as to create jobs and income for local population