Question

21. There are several things needed by the society as a whole which are not provided by th
tost.' Analyse
22. "Rapid improvement in technology has been one major factor that has stimulated the​

Answer 1

Answer:

There are several things such as health , education which are needed by the society as a whole . Such things are more efficiently provided by the public sector .This is Because private sector is mainly concerned with its objective of profit Maximization. Therefore , at times profit maximization may not lead to an efficient outcome . Hence, public sector is more apt to provide such services

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