Question

'Activities in a private sector are guided by the main motive to earn profit' evaluate the statement

Answer 1

Answer:

Explanation:

Hi‼️

Private sector enterprise is one of the forms of organisation.

These are mainly established to earn and maximise their profitability. Their only and ultimate motive is to increase the profit without looking for the welfare of the public.

These are completely different from public sector enterprise.

I hope it will help you ‼️

Answer 2

Activities in a private sector are guided by the main motive of earning profits.

Explanation:

• Industries and companies that comprises the private sector aims at maximizing their profits in any way.
• They involves in high competition from the growing world that aims at establishing a secure connection and stay by earning more profits.
• It can be more related to the people working in the private sector who is bound to provide a service of more than the 9 hours a day to survive.
• Industries and companies involved in this sector follow strict rules and regulations with minimal concern to workers pay and health to survive the growing competition across the globe to earn profit.
• It is also seen to have fired employees who is not reluctant and fruitful at their work thereby depicting that this sector has got no time and utility to waste on people bringing no profit and are non-productive to the company and at work respectively.
• They works for an secure establishment above all.

Learn more about private sector motive

What is the main motive of the private sector enterprise

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